Severstal

European Commission approves creation of Severstal and Italian Tenaris' joint venture

The European Commission (EC) approved the creation by the Russian metallurgical company Severstal and the Italian Tenaris of a  joint venture for the construction of a pipe production plant in

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Turkey not to protect itself from Russian steel

Turkey, the largest export market for Russian steelmakers, has decided not to introduce special protective measures against supply of steel products from Russia.

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In Q1, Severstal’s net profit reduced by 7.2%

In the first quarter of 2019, the net profit of Severstal under IAS decreased by 7.2% compared to the same period last year and amounted to $428 million, as it follows from the company's statem

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Sevkabel to transfer part of the production to the Samara Region.

The cable plant Sevkabel will relocate part of the production from St. Petersburg to the Samara Region, the company informs.

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Severstal and Japanese may supply systems for LNG storage to Gazprom

According to the Kommersant’s information, Severstal, IHI Corporation and Mitsui plan to establish a joint venture for production of liquefied natural gas storage facilities in interests of G

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In Q1, Severstal increased steel production by 0.4%

In the first quarter of 2019, Severstal increased steel production by 0.4% compared to the same period of the previous year to 3.044 million tons, the company reports.

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Fitch assigns Severstal, NLMK and MMK rating BBB with stable outlook

The international rating agency Fitch has assigned Severstal, NLMK and MMK a long-term default rating of the issuer at the BBB level. The outlook on the rating is stable, the agency reports.

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Karelsky Okatysh upgrades ore supply conveyor

One of the main transport lines at the factory, the K-17 conveyor with an hourly  throughput of 3.200 tons of ore, is being modernized at the Karelsky Okatysh plant, a leader in mining and pro

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Severstal loses dispute on reduction of import duties on Russian steel

The Russian company Severstal lost a dispute in the United States regarding the demand to reduce anti-dumping duties on the import of its hot rolled steel, Bloomberg reported, citing the ruling of

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Severstal to allocate 16.2 bln rubles for industrial safety, labor protection and environment

This year Severstal will allocate 16.2 billion rubles to maintain existing facilities, improve system of industrial safety, labor protection and environment of Russian Steel.

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