Russia: Severstal increases purchases from Vologda region enterprises in H1 2019

In January-June Severstal purchased 12.2 billion rubles worth of goods and services from the Vologda region enterprises, up by 5 billion rubles YoY.

The share of the region in the group combined procurement reached 17%.

The increase is due to the major investment program at Cherepovets Iron and Steel Works. (Ukrainian metal)

Russia: Severstal’s IFRS net profit down in H1 2019

The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…

Russia: Severstal output up in H1 2019

In January-June Severstal steel output grew to 6.1 million tons.

Pig iron manufacture increased by 1%, to 4.67 million tons.

The sales of iron ore concentrate went up by 3%, to 2.73 million tons.

The sales of large-diameter pipes in Q2 grew by 9%. (Ukrainian metal)

Russia: Severstal-SMC-Vsevolzhsk starts supplying welded billets to UzAuto Motors

Severstal-SMC-Vsevolzhsk and Uz-Saemyung Co, the leading supplier of spare parts to UzAuto Motors (previously GM-Uzbekistan), have signed an agreement on the delivery of laser-welded billets. Severstal-SMC-Vsevolzhsk is a joint venture of Severstal and Mitsui. The company operates the only laser-welding line for car manufacturers in Russia and CIS. Its advantage is that it can weld…

Russia: Severstal buys out 26% in JV with Linde

Severstal has struck a deal to buy a share in its joint venture with Linde AG.

Severstal will own 26% and Linde – 74%.

The JV was created in June 2017. It is expected to reach it design capacity in 2020-2021. (Ukrainian metal)

Russia: Severstal unveils new client-centric corporate structure

Severstal organizational structure has been reconfigured to support its updated strategy and ensure it consistently delivers an excellent customer experience. Based on agile business principles, all of the company’s production and “selling” divisions now fall under two streams – upstream and downstream, for which common business goals are set. Upstream includes all of Severstal’s raw…

Russia: Severstal rolled metal approved by Nissan

Severstal has been approved by Nissan Manufacturing RUS to supply its galvanized rolled metal of NST780X and NST980X grades. The company has confirmed its technical compliance with the client’s demands and received a right to supply metal for the mass production of Nissan cars in Russia. Moreover, under its large-scale reconstruction program Severstal has started…