Severstal commission has determined the name for the blast furnace No. 3 at Cherepovets Iron and Steel Works to be commissioned in 2020. According to the competition, the name of Cherepovchanka (a female citizen of Cherepovets) has been chosen. It was first suggested by a coke-sinter-blast furnace department worker Elena Andrianovskaya. The commission received over…
Since the start of its operations in December 2013, Severstal-SMC-Vsevolozhsk has processed over 300 thousand tons of metal. The mini-CTL since the start of the year has produced 1.5 million billets, while the laser-welding site manufactured 1 million billets. Cherepovets Iron and Steel Works is the main supplier of rolled metal for processing at Severstal-SMC-Vsevolozhsk.…
Russian steelmaker Severstal will supply 300,000 tons of rolled stock to the Zagorsky Pipe Plant (ZTZ) in 2019 for production of large diameter pipes, the companies said in a joint statement after signing a relevant agreement. “Severstal already has experience in metal supplies for ZTZ. Such agreements provide an opportunity to build long-term mutually beneficial…
At the meeting Severstal shareholders decided to pay dividends for January-September 2018 The dividends amount to 44.39 rubles per ordinary share. The shareholders registry will be closed on December 4. Severstal paid 35.61 rubles per share as of Q3 2017. This year the dividends have been set at 38.32 rubles as of Q1 and at…
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…
Severstal chairman Alexei Mordashov and Gazprom chairman Alexei Miller have signed a road map to develop large diameter pipes with the K80 strength class. It is expected that by 2023 Severstal for the first time in Russia will have developed and started manufacturing electric welded steel large diameter pipes and joints of improved strength class…
Severstal has produced anniversary 100-thousandth tons of rolled metal at the third line of polymer coating and at the continuous hot dip-galvanizing machine No. 3 in the metal coating shop No. 3 of Cherepovets Iron and Steel Works. The third line was commissioned on December 29, 2017. The machine with the capacity of 200 thousand…
In 2019 and 2020 Severstal will increase investments by 75%, to $1.4 billion, as opposed to $800 million on average in the past 7 years. “The major part of the investments has to do with the savings of expenses, including placing of conveyer belts at our mining enterprises and the savings of transport expenses. Others…