Orlovsky Steel Rolling Works, a part of Severstal-Metiz, has shipped another batch of fasteners for the construction of the Yekaterinburg-Arena. Screws and M20 nuts will be used in assembling spectator stands for the World Cup 2018. This is not the first batch of the company fasteners to this arena – previously the company has already…
PAO Severstal announces the repayment of $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by Holdgrove Limited and guaranteed by PAO Severstal. Holdgrove Limited (the “Issuer”), a wholly-owned subsidiary of PAO Severstal incorporated under the laws of the Republic of Cyprus, has fully repaid the $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by the…
Severstal will supply 8 thousand tons of bridge steel to Borisovka Works of Bridge Metal Structures. The metal will be used in the construction of a bridge on the Karamyshevskaya Naberezhnaya Street in Moscow. The hot-rolled sheets will be produced at the 2800 mill of Cherepovets Iron and Steel Works and shipped via railroad by…
According to Severstal, this year metal consumption in Russia will increase by 5% YoY. Next year, consumption is expected to increase further by 3%. “This year we saw the growth of some 5% in H1, we believe H2 will not be worse. In 2018 construction will revive, especially railroad. We will still see metal consumption…
At an extraordinary meeting on September 15 Severstal shareholders approved of dividends for January-June 2017 in the volume of 22.28 rubles per ordinary share. According to the company statement, the registry will be closed on September 26. Earlier shareholders approved dividends for Q1 in the amount of 24.44 rubles per share. (Ukrainian metal)
Severstal positively assesses the results of its E-store operation. “An Internet store is no competitor to traditional ways of selling our products, but an additional way to cooperate with the clients. The constantly growing number of users shows that this way of communication is in demand”, Severstal Management marketing director Dmitry Gorshkov noted. According to…
High demand for steel and low stocks of Chinese traders, US import duties and high expenses on raw materials are among the factors influencing the world steel price increase. Moreover blast furnace manufacture in Northern China is expected to be limited, which will result in the drop of output by 50 million tons. Thus prices…
The Federal Antimonopoly Service has allowed Severstal to buy 100% of shares in the Metal Group LLC, which owns a license to develop the central part of the Yakovlevskoe iron ore deposits in Belgorod region. In July Severstal reported on the closing of the deal to buy the claims to the company in the amount…
