Russia: Severstal sales down in August 2018

In August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons.

This is the lowest level since July 2017.

In January-August sales grew by 5.3% YoY, to 5.45 million tons.

Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)

Russia: Severstal the first to produce damping steel

Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…

Russia: Severstal switches to new EMS version

Severstal has switched to a new version of the international environment management system standard. The certification audit according to ISO 14001:2015 has been carried out by the Russian division of DQS Holding GmbH. The audit was necessitated by the changes in ISO 14001. The inspection has been carried out in all divisions of the Cherepovets…

Russia: Severstal expands product range

Severstal has mastered the manufacture of polymer-coated rolled metal with the colored backside. Thanks to using protective colored enamel on the backside instead of the traditional grey, the cost of the final product becomes lower compared with the double-sided coating. Another novelty is the Steel Cashmere – GRS (glide rain slim). This is galvanized metal…

Russia: Severstal recommends paying dividends for Q2 2018

Severstal board of directors has recommended paying dividends for April-June in the amount of 45.94 million rubles.

The voting on the issue will be held at the next shareholders meeting scheduled for September 14.

The list of the shareholders entitled for the dividend payment will be created on September 25. (Ukrainian metal)

Russia: Severstal to construct metal works in Surgut

Severstal will construct a metal works to produce metal structures and welded goods in the city of Surgut.

The works with the size of 350 square meters will create over 500 jobs.

Investments total 13 billion rubles.

The works is expected to start operating in 2021. (Ukrainian metal)