Russia: Severstal buys Yakovlevsky GOK shares

Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…

Russia: Severstal and Lukoil to develop cooperation

Lukoil president Vagit Alekperov and Severstal chairman Alexei Mordashov have held a working meeting in Moscow. They discussed development of cooperation. “Severstal is an important partner for Lukoil. It is one of the leaders in Russian metal and mining industry, a company with a vast international experience. We’ve been developing cooperation since 2006, helping each…

Russia: Severstal sales down in August 2018

In August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons.

This is the lowest level since July 2017.

In January-August sales grew by 5.3% YoY, to 5.45 million tons.

Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)

Russia: Severstal the first to produce damping steel

Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…

Russia: Severstal switches to new EMS version

Severstal has switched to a new version of the international environment management system standard. The certification audit according to ISO 14001:2015 has been carried out by the Russian division of DQS Holding GmbH. The audit was necessitated by the changes in ISO 14001. The inspection has been carried out in all divisions of the Cherepovets…

Russia: Severstal expands product range

Severstal has mastered the manufacture of polymer-coated rolled metal with the colored backside. Thanks to using protective colored enamel on the backside instead of the traditional grey, the cost of the final product becomes lower compared with the double-sided coating. Another novelty is the Steel Cashmere – GRS (glide rain slim). This is galvanized metal…