From June 1 Severstal will implement the sole management of Karelsky Okatysh and Olkon to increase efficiency of ore mining and quality issues in ore segment. The company will create a separate division in Olenegorsk reporting to Severstal Management subsidiary in Kostomuksha. Maxim Vorobyev, who headed Karelsky Okatysh, will become CEO of Karelsky Okatysh and…
In 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…
Severstal and Russian subsidiaries of Mefro Wheels GmbH have agreed on rolled metal deliveries in H2. In particular, Cherepovets Iron and Steel Works will supply hot-rolled sheets and strips. Mefro Wheels will make wheel disks from them for Russian and foreign car brands. Last year both sites of Mefro Wheels in Russia received 30 thousand…
Severstal-Metiz has supplied high-strength rebar ropes in polyethylene coating for the repair of the Rostov Nuclear Power Plant first reactor framework. The ropes have been manufactured in compliance with the Federal norms and safety rules in nuclear industry. Previous suppliers of such ropes have been from Europe. (Ukrainian metal)
In January-March Severstal Distribution increased metal sales by 13% YoY, to 395 thousand tons. Because of the rolled metal price increase the company earnings rose by 71% YoY, to $225 million. “The steel market remains highly volatile. According to analysts, metal consumption in Russia this year will increase by 1.8%, in Northern Europe – by…
Since May 11, the new general manager of Severstal – Balakovo, a part of Severstal Russian Steel, is Artem Akinfiev, who has previously been responsible for the improvement of manufacturing processes at Promservis, another part of SRS. “In his new office Akinfiev will be responsible for increase of the company competitiveness on the bars market”,…
Severstal has started producing the DP600 dual phase ferrite-martensite pickled hot-rolled steel with increased strength. This steel is used in the manufacture of wheel disks and automobile parts. The new steel grade is manufactured at the 2000 mill in the Cherepovets Iron and Steel Works sheet shop. “DP600 steel grade will allow us to increase…
Severstal-metiz, a holding uniting metal ware assets of Russian steelmaker Severstal, has closed the sale of Italy’s Redaelli Tecna S.p.A. to Austria’s Teufelberger Wirerope GmbH for 50 million euro, Severstal said in a statement on May 2. A binding agreement was signed in January. The sale will allow Severstal-metiz to focus on operations on the…
