Severstal

CherMK modernizes cross cutting unit №4

The active phase of the reconstruction of the cross-cutting unit No. 4 began

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Severstal expects growth in steel demand by 1.5% in 2019

According to forecast of metallurgical company Severstal, the global demand for rolled steel during the current year will make up 1.643 billion tons.

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Severstal plans to allocate $2 bln for payment of dividends

Severstal will allocate $2 billion for payment of dividends, said finance director of the company Alexei Kulichenko.

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Severstal activates investments, but promises to save high dividends

By 2023, Severstal of Alexei Mordashov will invest about $2.5 billion in its raw materials and steel assets, significantly increasing capital expenditures in 2019-2022.

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Cherepovets Steel Plant increases share of own electricity generation

In the first 9 months of 2018 the Cherepovets Steel Plant (CherMK, part of the Severstal Russian Steel division) increased its own electricity production to 3,394.5 million kWh, which is 2.6% highe

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Cherepovets Metallurgical Plant completes overhaul of sinter machine No.8 in coke, agglomeration an blast furnace plant

The Cherepovets Metallurgical Plant (part of the Severstal Russian Steel division), continues its autumn repair campaign.

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Severstal implements Product Innovations project

In January-September 2018, Severstal sold 85.5 thousand tons of new complex types of metal products as part of the Product Innovations project.

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CherMK is switching to more efficient smelting technology

A project is being implemented to ensure the combined blowing of steel on converters at the steelmaking facility of the Cherepovets Metallurgical Plant (an enterprise of the Severstal Russian Steel

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Russian and Turkish steel export to Europe grows 1.5 times

Temporary quotas on steel imports to the European Union were in hands of steelmakers from Russia and Turkey: according to the European industry association Eurofer, in the first nine months, the su

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Severstal's plant starts production of unique reinforcing bars

Severstal - Balakovo Long Products Plant (part of Severstal Russian Steel Division) started the production of a new class of reinforcement bars A600S (ArmaNorma).

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