Evraz Launches Rail Mill Reconstruction at NTMK

Evraz Group S.A. (LSE: EVR) (“Evraz”) has launched the rail mill reconstruction at NTMK, its Russian steel plant in Nizhny Tagil, Urals. The reconstruction will be completed in November 2011. The total investment will amount to 2 billion roubles (approx. US$70 million).

After the reconstruction the rail mill will produce 25-meter heat-treated rails with excellent surface characteristics and its annual capacity will increase from 400,000 to 550,000 tonnes. The main customers of NTMK’s rails include Russian Railways, the CIS and Baltic countries, as well as Turkey and Iraq.