The net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…
On July 14 Andrey Yegorov was appointed the CEO of the pipe and sections works of Severstal in Sheksna. Previously he worked as the shop director there. In his new office Yegorov will go on improving production and realizing the investment program, in particular the construction of the automated complex to produce driven piles. Ilya…
In Q2 Severstal increased iron ore concentrate sales by 54% QoQ, to 1.236 million tons. Pellets sales went up by 12%, to 2.879 million tons. Vorkutaugol coking coal concentrate sales increased by 16%, to 827.154 thousand tons. “The inter-group coal consumption increased by 16% QoQ, while sales to the third parties (i.e. occupied territories of…
In Q2 Severstal pig iron output decreased by 4% QoQ, to 2.24 million tons, mostly because of the blast furnaces No. 2, 4 and 5 repairs. Steel output decreased by 1%, to 2.83 million tons. Consolidated sales of steel increased by 9% QoQ, to 2.75 million tons. Local sales went up to 60% from 58%…
Severstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs. The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)
Severstal Distribution has won a tender to supply 900 tons of rebars to the sites 7-8 of the M-11 Moscow – Saint Petersburg federal highway. The metal has been delivered to the partners of the general contractor of the construction Ichtash Astaldo: Stroyuniversal-Invest LLC and Trest Hydromontazh. The rolled metal, supplied by the Severstal Distribution…
Severstal-Metiz has supplied a large batch of rebar threads for the construction of port Alyat in Baku (Azerbaijan) and the bridge over the Ural River in Kazakhstan. The combined weight of the two batches is 2 thousand tons. The 7-wire threads are used as rebars in ferroconcrete structures. (Ukrainian metal)
