The net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17. Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million. EBITDA increased…
In January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ. Pig iron output remained almost the same – on the level of 2.35 million tons. Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet…
Russian steelmaker Severstal plans to invest 8 billion rubles to increase output of flat hot-rolled and cold-rolled products by 500,000 tons and to launch a new product, rolled metal with a width of 1,850 millimeters, the company said in a statement on April 3. Severstal plans to buy and upgrade equipment, and has already signed…
Severstal has carried out the scheduled capital repairs of the mill-5000 in Kolpino. It took some 140 specialists just 7 days to complete the overhaul. “We carry out capital repairs of machinery every year. They are an integral part of the efficient operation. The spring repair of the mill-5000 was the first in the series…
Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…
Severstal will supply 600 tons of rolled metal with polymer coating for the construction of the Dream Island theme park in Moscow. The rolled metal manufactured by Cherepovets Iron and Steel Works will be used to produce sandwich-panels. The tender for their supply has been won by Severstal long-time partner – the company Teplant. The…
In 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…
Severstal has bought out all the remaining eurobonds with maturity in 2018. According to the group statement, it has paid $548.62 million for them. “Thus, our obligations to the bond holders have been completely fulfilled”, the company said. Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate…
