Alexander Shevelyov, who earlier was the CEO of timber company Sveza, has been appointed the CEO of steelmaker Severstal, the company said in a statement. Acting CEO of Severstal Alexander Kulichenko was appointed the CFO. (Prime/Ukrainian metal)
Russian steelmakers Severstal and Novolipetsk Steel (NLMK) have sent suits to the E.U.’s General Court challenging decision of the European Commission to introduce duties on imports of cold-rolled steel products from Russia, representatives of the companies reported. In August, the E.U. introduced an anti-dumping duty on cold-rolled steel from Russia and China for five years,…
Sergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…
Vadim Larin, CEO of Russian steelmaker Severstal, has left the company of his own wish, the company said in a statement. CFO Alexei Kulichenko became acting CEO, Severstal said. (Prime/Ukrainian metal)
In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…
Severstal has started exporting cold-rolled coils to the European Union from China instead of Russia-made. “We have already started buying Chinese cold-rolled coils for our steel service centers. Duties on Chinese products are lower than on Russian, so it’s better for us to bring steel from China”, the company CEO Vadim Larin said. According to…
In 2017 Severstal plans to decrease steel smelting due to the overhauling campaign at its main asset – the Cherepovets Iron and Steel Works. “But the negative effect will be limited. Perhaps, it will reach 1-2% YoY”, Severstal financial director Alexei Kulichenko said. Sales will remain on 2016 levels. In January-September Severstal received $1.3 billion…
Since the year start over 300 thousand square meters of buildings have been constructed using the metal structures produced by Severstal Stalnie Resheniya. Over 2700 tons of metal structures have been produced and supplied for the construction of a tire-producing plant in Ulyanovsk. The construction ended in September. Some 450 tons of metal structures have…