Evraz's capex in 2017 to remain at 2016 level, about $400 mln

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Evraz's capex in 2017 to remain at 2016 level, about $400 mln

MOSCOW. Aug 18 (Interfax) - The capex of Evraz in 2017 will remain at the level of 2016, company CEO Alexander Frolov said during a conference call.

Earlier the company said that the group's capex in 2016 will be $375 million-$400 million.

"I think that in general [the target for 2017] will remain at about the same level. We think that this is just what meets today's market conditions. To go anywhere "below" would not be correct," Frolov said.