In the sheet rolling shop (SRSh) the production of rolled steel at the Cherepovets Metallurgical Plant (part of Severstal), the first major repairs of the main equipment were completed this year.
According to the Platts, on April 20, the Russian company Severstal reported that its average quarterly prices for iron ore pellets grew to $86 per ton compared to the last year's figure of $36
Severstal has announced its financial results in the first quarter of 2017.
The Severstal’s Board of Directors has recommended paying dividends for the first quarter of 2017 at the rate of 24.44 rubles per share, the company reports.
As the Reuters reports, the Russian company Severstal has predicted a drop in its steel production in 2017 by 1-2% compared to the last year's result of 11.6 million tons.
Severstal has published its operating results for the first quarter of 2017.
In the first quarter of 2017, Severstal reduced steel production by 2% compared to the same period in 2016 to 2.86 million tons, the company reports.
Severstal has signed annual agreements with leading automakers in Russia and the CIS countries on supply of metal in 2017, the company's press centre reports.
The EU might reject the introduction of the anti-dumping duties in respect of suppliers of hot-rolled steel in coils from Russia and other countries.
In 2016, the net profit of Severstal under RAS increased 2.1 times in comparison with the previous year to 84.7 billion rubles, the company's annual report says.