Russia: Severstal-Metiz rebrands assets

Severstal-Metiz has rebranded two of its assets. From June 19 Redaelli SSM will be called Severstal Kanaty (Severstal Wire Ropes). From June 20 Techi Rus will be called Severtsal Podyemnye Tekhnologii (Severstal Lifting Technologies LLC). The bank data, tax number and addresses of the companies will remain the same. (Ukrainian metal)

Russia: Sberbank and Severstal to collaborate on using blockchain technology

Sberbank and Severstal, the vertically integrated mining and metallurgical company, have announced collaboration in technological innovation. This year at the 11th St. Petersburg International Economic Forum Severstal and Sberbank presented their latest prototype, which would enable the secure transfer of international letters of credit using blockchain technology. During the demonstration, the companies tested the prototype…