Alexei Mordashov, chairman of the board of directors of Severstal, has ordered the company to distribute 500 million rubles to the employees as compensation for the coronavirus pandemic, Severstal said in a statement on April 6. It is important to support each employee as they have different problems with transportation, services, purchase of medicines, and…
Seven more employees of Russian steel producer Severstal have possibly contracted the COVID-19, the company said in a statement on March 30. “Severstal advised that the diagnosis was confirmed for an employee who was suspected to have the coronavirus. Seven more probable cases of coronavirus were detected during tests of the people who contacted him…
Average volumes of purchases by Severstal exceed $6 billion a year. 50% account for machinery and services, and 50% – for scrap, raw materials and energy resources. Overall the group purchases are divided into over 100 categories (ferroalloys, refractories, machinery, etc.). As Severstal investment program is growing, so are the purchasing quantities. (Ukrainian metal)
The rating agency Expert RA has confirmed the Severstal credit worthiness rating at the level of ruAAA with Stable Outlook. According to the agency, the group is maintaining one of the highest levels of profitability among global metal companies. In 2019 its EBITDA margin was 34.4%, down from 36.6% in 2018. The group debt grew…
PAO Severstal, one of the world’s leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region. Sintez-CIP will become a part of Severstal’s metalware manufacture…
Severstal has taken part in the XXI international construction exhibition UzBuild-2020 in Uzbekistan, which has attracted some 400 companies from 25 countries. The group has been present on the Uzbek market since 1965. Now Severstal supplies over 150 thousand tons of rolled metal and metal wares to construction and automobile industry customers in the country.…
In 2019 Severstal bought 25.6 billion rubles worth of goods and services from Volgograd region companies, up by 5.6 billion rubles YoY. The share of Volgograd companies in Severstal purchases amounted to 13%. Transport services accounted for 9.3 billion rubles, up 5-fold. Severstal is constructing the third blast furnace and the coke-oven battery No. 11…
This year Severstal intends to spend 73.4 billion rules on the development of Cherepovets Iron and Steel Works and other Russian Steel manufacturing assets. “The investment program will cover the entire technological chain of Cherepovets Iron and Steel Works. As in 2019, some 41% of investments, or 29.8 billion rubles, will be spent on the…
