In January-October Severstal sold 912 thousand tons of coated rolled metal, up by 13% YoY. Galvanized metal sales increased by 20% YoY, or by 93 thousand tons, to 570 thousand tons. Polymer-coated metal sales reached 343 thousand tons, up by 2% YoY, or by 8 thousand tons. “We believe metal consumption in this sector will…
Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop). The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH. The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)
Severstal Steel Decisions is 10 years old. In the past 5 years the company has produced over 50 thousand tons of metal structures and built more than 1 million square meters of buildings. “We see major potential in the usage of metal structures on the market of steel construction and plan to develop in this…
Since its commissioning in 2010 Severstal-Gonvarri-Kaluga, the Severstal JV with Gonvarri Steel Services (Italy), processed 500 thousand tons of metal. Cherepovets Iron and Steel Works metal accounted for 50% of the total volume. The company warehousing capacity is 30 thousand tons. This year the company has successfully passed the ISO 14001-2005, OHSAS 18001-2007 and ISO…
Severstal has expanded the possibilities of its Internet store – now customers can participate in auctions to buy metal. Auctions are held some 3-4 times a week, according to schedule. On average around 10 thousand tons of metal is sold through such auctions. Deliveries are performed from Severstal Distribution warehouses and from Cherepovets Iron and…
Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…
Pearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…
In January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…
