In January-September Severstal received $792 million of net profits, down by 39.4% YoY. EBITDA grew by 31.8%, to $1.823 billion, revenue – by 32.9%, to $5.67 billion. In Q3 net profits increased 2.2-fold QoQ, to $297 million. EBITDA dropped by 2.1%, to $616 million, revenue grew by 2.1%, to $1.972 billion. As of September 30,…
The board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17. The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30.…
SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…
Severstal has chosen the supplier of the hot-rolled strip surface quality control system for Cherepovets Iron and Steel Works. ISRA Parsytec GmbH will supply, assemble and commission four quality control systems. “The investment project with the total value of over 180 million rubles is aimed at improving the quality of the cold-rolled metal surface, as…
Severstal announced its operational results for Q3 and the 9 months of 2017. Hot metal output remained almost unchanged at 2.23 million tons (Q2 – 2.24 million tons) compared with the previous quarter, whereas crude steel production was up by 4% at 2.94 million tons (2.83 million tons). Crude steel output at CherMK in Q2…
Severstal – Bar Works Balakovo has received a certificate of correspondence to DIN 488 of B500B steel. In summer the works rebars were tested by Betonstahl. The independent experts confirmed the correspondence of the rebars to the DIN 488 standard. The certificate covers rebars with the diameter from 8 to 32 mm. Severstal-Balakovo is ready…
In January-September Severstal produced 8.639 million tons of steel, down by 0.8% YoY. According to the company statement, pig iron manufacture dropped by 2%, to 6.814 million tons. At the same time consolidated sales of steel products increased by 3%, to 8.167 million tons. In 2016 Severstal produced 11.63 million tons of steel, up by…
In September Severstal-Metiz produced and sold a record of stabilized strands. According to the company statement, the steel rope shop produced 2.9 thousand tons of strands. This is the first record in manufacturing this type of product in the history of the shop. “Stabilized strands are in demand in the sphere of infrastructure construction. In…