Interfax reported that Evraz plc will invest USD 520 million renovating the rails and girders division at its Evraz ZSMK steel complex in Novokuznetsk.

Evraz told Interfax that the funds would be invested by 2013.

The plant started to build a new universal mill, capable of producing 100 meter rails for high-speed rails, in July. It will produce 1.4 million tonnes of rails and sections per year and has been designed and built by Germany's SMS Meer. The foundations are in place and equipment is being installed.

Source - Interfax

(www.steelguru.com)