Severstal has started transferring quality certificates into digital format with digital signature. No other major metal company in Russia has done this so far. The specialists of the sales and technical control finalize the testing of the pilot project at Cherepovetsk Iron and Steel Works. “Paper certificates take up a considerable document workflow of the…
Severstal Stalniye Resheniya, a part of Severstal Russian Steel, has started producing metal structures for the construction of the covered skating rink with artificial ice in Alexandrov, Vladimir region. The total weight of the structures will exceed 350 tons. The covered skating rink will be a one-story building with the total square of 3240 square…
Financial results of the Severstal Group cannot be considered satisfactory, Severstal CEO Alexander Shevelyov said. “If we analyze the results we will see that Severstal, unfortunately, has shown the worst dynamics among metal companies in Russia. We have increase profit from sales compared with 2015, but it is considerably low than that of NLMK or…
The nail shop of Severstal-Metiz has put a new line of agglutinate fiber manufacture into operation. The total investments into the project exceeded 45 million rubles. The agglutinate fiber is used to reinforce concrete instead of rebars and welded nets. “This is a unique product for the Russian market. It has increased anchoring properties and…
Sergey Sidorkov has been appointed the acting investments director of Severstal Russian Steel. Previously he worked as the director of the center on investment projects. In his new office Sidorkov will continue the implementation of the investment program. (Ukrainian metal)
Severstal announced details of its 2017 capital investment program, which highlighted its operational excellence and long-term competitiveness. In 2017 Severstal plans to invest approximately 43 billion rubles across the business. This investment will primarily focus on developing key areas of the company’s strategy including cost control, increasing production of high-value added products and enhancing safety…
Steelmaker Severstal, controlled by Russian tycoon Alexei Mordashov, expects possible government claims to amount to about $400 million of taxes on dividends transferred to the British Virgin Islands through Cyprus companies in 2009-2015. The company said that the figure was based on 2015 changes in the law on controlled foreign corporations aimed at regulation of…
Severstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased by 7.5% YoY, to $5,916 million, primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as a result of the net decline in global benchmarks and a marginal decline in sales volumes.…