Severstal has named the recent increase in coking coal prices unjustified and hopes for their decrease in the next 2 months, as the future steel profits will face higher coke expenses. According to the company, the main reasons for the coal price increase were the decrease in working hours at Chinese mines and the breaches…
In Q3 Severstal received $429 million of net profits, without non-monetary factors net profits totaled $449 million. In January-September Severstal’s net profits almost doubled to 1.3 billion rubles. EBITDA increased in Q3 by 11% QoQ, to $584 million. Revenues in Q3 dropped by 0.5% to $1.58 billion. In January-September revenues decreased by 14.7% YoY, to…
Severstal has increased purchases from small and medium-sized companies of Vologda region by over 1 billion rubles YoY. In January-September Severstal bought 8.7 billion rubles worth of goods and services, up by 17% YoY. “We’re actively cooperating with suppliers from Vologda region, who can provide good quality of equipment and materials on the level of…
Severstal – Balkanovo has started producing screw dire-rolling section No. 22. Such sections could be connected with nuts and are used in construction. The first 120 tons of screw bars will be shipped to consumers this month. (Ukrainian metal)
Severstal-Metiz has appointed Alexander Ryabikov the executive director of the works. Previously he worked as the steel-wire shop No. 2 director. The previous executive director S. Kovryakov went to work for Sveza as the production director. (Ukrainian metal)
In January-September Severstal produced 8.7 million tons of steel, keeping the last year levels. According to the group statement, pig iron output went up by 1%, to 6.91 million tons. Steel sales dropped by 4%, to 8.2 million tons. In Q3 Severstal produced 2.39 million tons of pig iron, up by 8% QoQ. Steel output…
Russian tycoon Alexei Mordashov, the core owner of steelmaker Severstal, has suggested the government stimulate consumers to buy reinforcement steel and other products of the company at higher prices. In a letter to the Deputy Prime Minister Arkady Dvorkovich, Industry and Trade Minister Denis Manturov, and the Federal Antimonopoly Service’s Director Igor Artemyev Mordashov said…
Sevmash has accepted the offers of Severstal on two purchases of 956 tons of special shipbuilding steels for construction of nuclear submarines of 955A and 855 projects. The sheets will be produced at 2800 (Cherepovets) and 5000 (Kolpino) shops of Cherepovets Iron and Steel Works. Severstal is the main supplier of Sevmash, providing half of…
