Severstal

Vorkutaugol sets new production records in October

In October, Vorkutaugol produced 1.213 million tonnes of rock, setting personal records for coal mining and processing, concentrate output and shipment of finished products to customers.

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Severstal plans to increase its share on Russian market to 17%

According to metallurgical company Severstal, the fourth largest steel producer in Russia, domestic steel consumption in 2021-2023 will grow by about 2.3% per year to 46.8 million tons in 2023.

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Companies note a decrease in demand for steel products, indicating an increase in substitution of steel by polymers

A number of major players in the global market of ferrous metals are concerned about the decline in demand for their products, and also point to an increase in substitution of metal products with p

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IPNM: Electricity prices would rise by 11-25% if the carbon tax were introduced.

The Institute for the Problems of Natural Monopolies (IPNM) supports the refusal to introduce a "carbon tax", as otherwise electricity prices would rise by 11-25% depending on the categor

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In the first 9 months, Severstal’s net profit under IAS decreased by 5.4%

In the first 9 months of 2019, the Severstal's net profit under IAS decreased by 5.4% compared to the same period of the previous year and amounted to $1.393 billion, the company reported.

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Severstal’s Board of Directors recommends paying dividends

Severstal's Board of Directors has recommended paying dividends for the year ended on September 30, 2019 in the amount of 27.47 rubles per share.

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Moody's: Steel demand growth in Russia will slow to 1-2% in 2020

Moody's forecasts a slowdown in the growth rate of demand for steel in Russia in 2020 to 1-2% after a rapid increase in demand in the first half of 2019.

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Major Russian steel players reduce production

In the first 9 months, the largest Russian metallurgical companies show a decline in steel output against the background of a decrease in world prices.

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Severstal increases sales of polymer-coated steel by 24% within nine months.

Within the first nine months of 2019 Severstal, a large Russian producer of large diameter pipes (LDP), increased sales of polymer-coated metal products by 24%, Lkmportal informs with reference to

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Severstal increased sales to Russian customers in the fuel and energy industry by 37%

Severstal, one of the world's largest vertically integrated steel and mining companies, supplied over 740,000 tonnes of steel products to Russian fuel and energy customers in the first nine mon

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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