Severstal has confirmed the certificate of correspondence of its B500B rebars with the diameter of 10 to 40 mm to DIN 488:2009 requirements. Since last year the technological personnel at Cherepovets Iron and Steel Works has been analyzing the quality of the rebars at a special optical stand. This has been noted by a Prufstelle…
In January-June under the project “Product innovations” Severstal sold 192 thousand tons of new types of products, up almost 5-fold YoY. At present the group is mastering the manufacture of 67 new products, up 2.5-fold YoY. For instance, TEMPO has produced a trial batch of linear pipes of innovative corrosion-resistant steel. Cherepovets Iron and Steel…
Severstal has finalized the deal to sell Severstal Balakovo Bar Works to Abinsk Electrometallurgical Works. The cost of the deal is $215 million. The sale will let Severstal focus on the steel manufacture at its main asset – Cherepovets Iron and Steel Works. Despite the sale of Balakovo Bar Works, Severstal retains its presence on…
Severstal board of directors has recommended paying dividend for April-June in the amount of 26.72 rubles per share. The voting on the dividends will be held at the extraordinary shareholders meeting on September 6. If the shareholders approve dividend payment, the date to set the list of shareholders to receive dividends will be September 17.…
The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…
In January-June Severstal steel output grew to 6.1 million tons. Pig iron manufacture increased by 1%, to 4.67 million tons. The sales of iron ore concentrate went up by 3%, to 2.73 million tons. The sales of large-diameter pipes in Q2 grew by 9%. (Ukrainian metal)
Severstal and Evraz Inprom are launching a technical platform of joint sales at the market.severstal.com under a pilot project. The goal of the joint project is to expand the geography of sales in Russia by using the warehouse infrastructure of partners. Now any client of the company can buy hot-rolled sheet from the warehouse in…
Severstal – Neva-Metal has put into operation the second stage of the covered warehouse to store steel products at the terminal in the third district of the Big Port St. Petersburg. The main contractor was Severstal Steel Decisions, which designed and constructed the warehouse with the size of 3.3 thousand square meters. In 2016 Neva-Metal…
