The world demand for steel in 2018 will grow by 2.1% YoY, to 1.643 billion tons, according to Severstal. China will account for 766 million tons, and the rest of the world for 877 million tons. In 2019 the demand growth will slow down to 1.5%, to 1.667 million tons. Demand growth in Russia in…
Severstal has produced 300 tons of galvanized rolled metal with polyurethane coating under the brand of Steel Cashmere, which will be used in the construction of the Cuban infrastructure. In particular, the light-grey metal will be used in the construction of a locomotive depot of the Ministry of Transport. “High exploitation features of the Steel…
Severstal has concluded contracts for the manufacture of metal structures for the blast furnace jacket and the delivery of refractory materials and the cooling system under the project to construct the blast furnace No. 3 at Cherepovets Iron and Steel Works. The jacket will be produced by Vitkovice (the Czech Republic). Refractory materials will be…
Experts from the State Russian Museum proceeded with the implementation of the innovative education-and-exhibition project “Living Planet in Colors and Digits” in Petrozavodsk with the assistance of the companies Severstal and Power machines. The project events will be held at the Museum of Fine Arts of the Karelian Republic. The project is aimed at artistic…
The net profit of the Russian steelmaker Severstal surged by 86% YoY, to $1.473 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 19. Revenue went up by 14.6%, to $6.495 billion in the period due to favorable prices of steel on the global market…
In July-September Severstal produced 3.06 million tons of steel, up by 2% QoQ. Pig iron output also grew by 2%, to 2.3 million tons. Steel sales reached 2.71 million tons, down by 5%, with local sales up by 1%, to 65%. In 9 months Severstal produced 6.91 million tons of pig iron and 9.1 million…
Severstal has surveyed the dealers of its roofing brands and found out that 85% of them know of the new GOST on metal roof tiles to be in effect from March 2019, while 70% of the respondent have already studied the main requirements of the standard. The document has been developed by the National Roofing…
Lukoil president Vagit Alekperov and Severstal chairman Alexei Mordashov have held a working meeting in Moscow. They discussed development of cooperation. “Severstal is an important partner for Lukoil. It is one of the leaders in Russian metal and mining industry, a company with a vast international experience. We’ve been developing cooperation since 2006, helping each…