Russia Metals and Mining, Hyundai
Severstal has prolonged the long-term contract with HYUNDAI-KIA. The new contract for rolled steel supplies made by Cherepovets metal works, a subsidiary of Severstal Russian Steel to Hyundai, assembling cars at the plant Hyundai Motor Manufacturing Rus Ltd in St. Petersburg, is active till the end of 2012. In 2012, Cherepovets metal works is going to supply 15,000 tons of car steel plates for HYUNDAI-KIA, by 2 times more than in 2011 Read more »
Severstal will deliver over 2 thousand tons of rolled metal products to Hyundai in August-September 2011.
The increase of supplies is particularly due to the positive results of trial presswork of the faceplate of the top of Hyundai Solaris from cold-rolled stock of the Cherepovetsk Iron-and-Steel works (part of Severstal Russian Steel division).