Severstal, one the world’s largest vertically integrated steel and mining companies, announces the results of voting following an extraordinary general meeting of shareholders held on September 14. Severstal’s shareholders approved the payment of a dividend of 45.94 rubles per share for the three months ended June 30. The record date for this dividend payment is…
Severstal, Rosnano and Windar Renovables S.L. (Spain) have concluded an agreement on the creation of a joint enterprise Bashni VRS to produce steel towers for wind power turbines. They will be produced in Rostov region. Initial investments in the project will reach 750 million rubles. The share of Severstal will be 24.5%. The group will…
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)
Severstal and the First Cargo Company have signed a 5-year agreement on railroad transportation of metal in open wagons. The agreement provides for annual transportation of some 16 million tons of metal. The companies have been cooperating since 2013. That year an agreement was concluded for 5 years. Since then PGK has transported 105 million…
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…
The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…
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…
From next week Severstal and NLMK will increase the purchasing price of rolled sheet following the growth of the export alternatives. In particular, the price of NLMK cold-rolled sheet with the thickness of 1 mm of 08ps steel will be 52 thousand rubles per ton CPT Moscow, up from 50.5 thousand rubles this week. Severstal…
