Russia, Severstal

Severstal completes a major overhaul of the mill 5000.

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.

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Severstal reports growth in price of pellets in Q1

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

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Severstal announces its financial results in Q1

Severstal has announced its financial results in the first quarter of 2017.

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Severstal may pay dividends for Q1 in the amount of 24.44 rubles per share

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.

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Severstal not to invest in production capacities

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.

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Severstal sums up its operation results in Q1

Severstal has published its operating results for the first quarter of 2017.

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In Q1, Severstal reduced steel production by 2%

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.

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Severstal establishes cooperation with car makers

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.

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Severstal might be released from anti-dumping duties for hot-rolled steel

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.

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Severstal reports its results under RAS in 2016

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.

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