Severstal's investment in pellet production in Cherepovets will grow to ₽116 billion

Severstal has increased its estimate of investment in the project to build a pellet production facility at the Cherepovets Steel Mill site to ₽116 billion. Previously, investment in the project was estimated at ₽97 billion. Capex increase occurred in the process of fine-tuning the project parameters, including due to additional innovative environmental solutions, as well as due to an increase in the cost of labor and services of contractors.