Severstal

Russian steelmakers reduce their investment programs

NLMK was the first Russian steel company that announced a review of its investment plans due to the effects of the coronavirus.

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Expert RA agency confirmes Severstal's rating at the level of ruAAA with a stable outlook

Expert RA rating agency has confirmed Severstal's credit rating at the level of ruAAA, outlook for the rating is "stable", it follows

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In 2020, Severstal to invest about 4.5 billion rubles in upgrading CherMK's infrastructure facilities

The Cherepovets metallurgical plant (part of Severstal Russian steel division) will continue a large-scale program of upgrading infrastructure faci

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Severstal expands cooperation with clients from Central Asia

Severstal took part in the 21st international exhibition of construction industry "UzBuild-2020", which was held in Tashkent on February 25 to 28.

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Severstal to invest 6.7 billion rubles in IT and digital in 2020

Severstal plans to invest 6.7 billion rubles in IT and digital initiatives in 2020, which is by 7% more than in 2019.

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In 2019, Severstal Russian steel allocated about 3.6 billion rubles for repair program of Cherepovets metallurgical plant

Employees of repair divisions of the Severstal Russian steel division - specialists of manufacturing departments, Promservice center, SSM-Tyazhmash machine-building center, Domnaremont center and c

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In 2020, investment program of Vorkutaugol to increase by 20% with a focus on upgrading equipment and industrial safety

In 2020, investment program of Vorkutaugl, a subsidiary of Severstal, will amount to 6.7 billion rubles, which is by 20% more than in 2019. Vorkutaugol reported this on February 3, 2020.

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Severstal to pay dividends

The Board of Directors of Severstal, one of the world's largest vertically integrated steel and mining companies, has recommends paying dividends for the three months ended December 31, 2019 in

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In 2019, Severstal's revenue under IAS decreased by 4.9%

In 2019, the Severstal's revenue under IAS decreased by 4.9% compared to the previous year to $8.157 million (in 2018 it was $8.580 million).

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Vorkutaugol increased its coal production by 6.8% in 2019

Vorkutaugol, a subsidiary of Severstal, has summed up its production results of 2019, showing an increase in coal production. This was reported by Vorkutaugol.

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