Severstal to invest over $10bn by 2011
Severstal's investment program for 2007-2011 makes provisions for a $10bn investment, the Russian steel maker's Financial Director Mikhail Noskov told journalists during a conference call today, RBC reports. He also noted that, taking the company's size into account, it was not a considerable figure. According to Noskov, the steel producer's investment stood at $574m in the first half of 2007.