Prices of the metal raw materials could decrease by 10-15% YoY in 2017, according to Severstal chairman Alexei Mordashov. “World steel consumption resumed its growth, but China is slowing down its steel production. I believe we can expect prices to start falling, though they are unlikely to drop below early 2016 level”, he said. (Ukrainian…
In late 2016 Severstal Distribution opened a new metal warehouse in Rostov region – in the city of Bataysk. The warehouse boasts the covered area of 1 thousand square meters with the 10-ton crane and the open area of 6500 square meters with two 15-ton cranes. The site will be used to sell metal to…
Severstal Steel Decisions, a part of Severstal Russian Steel, has already started planning deliveries for Q1 2017. At present the company is finishing deliveries of metal structures for the construction of a poultry farm in Tatarstan, pump machinery works in Orel region, logistics center in Vladivostok, etc. It is also producing metal structures for Tulachermet-Steel…
Severstal-Metiz, a part of Severstal, has put a new patenting mill into operation, having completed another stage of the machinery modernization. Investments in the metal wares segment from the year start amounted to $20 million. The modernization of equipment will improve quality and increase output volumes of the products. The new mill has been put…
Industrial output in Latvia is getting expensive due to the increase of taxes and duties. As the result Severstal Distribution decreased output. The company employs 260 people, with a third part working in the manufacture. Salary expenses amount to 1720 euro on average for 1 worker, with 4 thousand euro more per month spent on…
Severstal-Gonvarri-Kaluga has processed over 400 thousand tons of products since it was put into operation in 2010. The company offers cutting services to clients. In 2013 it received an additional line for billet production and a new manufacturing complex with the area of 6350 square meters was constructed, increasing the warehouse area by 4 thousand…
Since the beginning of the year Severstal has supplied 3.13 thousand tons of shipbuilding steel to Yaroslavsky Shipbuilding Works. The high-strength steel was used to produce ships for the Russian navy. All the steel was produced at Cherepovets Iron and Steel Works. In October Severstal won two tenders to deliver 956 tons of special shipbuilding…
In January-October Severstal-SMC-Vsevolozhsk, a part of Severstal Russian Steel processed over 60 thousand tons of metal, which exceeded the total 2015 results. The company offers a wide range of metal processing services and welded billet production. It operates the first line in Russia on welded billet manufacture for automobile producers. The line is capable of…