In 2018 Severstal net profit grew 1.5-fold, to $2.051 billion. Revenue increased by 9.3%, to $8.58 billion due to the favorable price situation and sales growth by 2%. EBITDA went up by 21.9%, to $3.142 billion. Capital investments increased by 16.4%, to $688 million. (Ukrainian metal)
In 2019 the demand for Russian steel will be weak. “Construction volumes are not large, so, we believe the market will remain on current levels”, Severstal deputy CFO Alexei Kulichenko said. According to Severstal estimate made in November 2018, the growth of the local demand for steel in 2018 was 1.1%. (Ukrainian metal)
Tenaris S.A. and Severstal have announced that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Severstal will have a 51% interest in the joint venture company, with Tenaris owning the remaining 49%. The commencement of the project is subject…
The Severstal board of directors has recommended paying dividends for Q4 2018 in the amount of 32.08 rubles per share. The decision to pay dividends is expected to be taken at the shareholders meeting on June 7. The day recommended for the creation of the list of shareholders to receive dividends is June 18. (Ukrainian…
In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion. According to the group statement, its revenue increased by 9.3%, to $8.58 billion. EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has announced its capital investment program for 2019. In line with previous announcements, Severstal plans to invest approximately 95.7 billion rubles in 2019, focusing on the key areas of the company’s updated strategy disclosed during its Capital Markets Day in November 2018…
In 2018 Severstal bought 20.6 billion rubles worth of products and services from Vologda region enterprises, up by 750 million YoY. The share of the region in the total volume of Severstal purchases last year grew from 16% to 18%. The main reason for the increase is the large investment program at Cherepovets Iron and…
In 2018 Severstal increased steel output by 3%, to 12.04 million tons mostly due to the commissioning of the ladle furnace No. 2. Pig iron output remained unchanged at 9.15 million tons. Consolidated sales grew by 2%, to 11.18 million tons. Coking coal concentrate sales from Vorkutaugol increased by 2%, to 3.37 million tons. (Ukrainian…