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)

Russia: Severstal certifies cryogenic steel

Severstal has received a certificate for the correspondence of cold-resistant cryogenic steel to the norms and standards of the European quality. This steel is used to construct the inner shell of the LNG tanks. TUV Rheinland Group has highly praised the whole manufacturing chain of the product. Cryogenic steel sheet is produced at the mill-2800…

Russia: Severstal gets IATF 16949 certificate

Severstal was one of the first Russian companies to confirm the correspondence of its quality management system to the IATF 16949 standard. The DQS experts have checked Cherepovets Iron and Steel Works facilities. “The presence of the certified quality system is a must in relations with automobile manufacturers both in Russia and abroad”, Severstal Russian…

Russia: Severstal to supply 170 thousand tons of metal to household appliances makers

This year Severstal intends to supply over 170 thousand tons of metal to the manufacturers of refrigerators, washing machines, gas ovens and industrial packaging. The deliveries will be carried out within contracts signed with enterprises both in Russia and the nearby foreign countries. For the packaging producers Severstal manufactures cold-rolled metal with improved strength characteristics.…

Russia: Severstal presents innovative products for railroad car manufacture

Severstal has started manufacturing high-strength and wear-resistant steel grades. Their usage decreases the thickness of rolled metal used by increasing its strength, thus affecting the railroad cargo throughput. The company has also presented two-layer steel grades. “The Cherepovets Iron and Steel Works two-layer metal could replace foreign analogues on the Russian market, which the railroad…

Russia: Severstal gets first order for SeverFarm

Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…