Company News - Severstal Steel [more headlines]

Severstal profit down 89.7%, sees volatility ahead - MarketWatch
Mon, 20 May 2013 08:54:18 +0100
Tne Moscow News - MOSCOW--Russia's largest steel producer OAO Severstal said Monday it sees increasing volatility ahead as it reported its first-quarter net profit fell 89.7% on the year to $44 million, driven by lower prices and weak demand. MAIN FACTS. --First-quarter ...


Severstal's Miss. mill moving up value chain - American Metal ...
Fri, 17 May 2013 18:35:30 +0100
NEW YORK — Severstal North America Inc. is looking to move up the value chain in the products it supplies from its Columbus, Miss., mill to pipe makers, particularly as end-users in oil and gas ratchet increase their requirements. "We've run X65 ...


Severstal recovers from steel slump in previous quarter - CITY A.M.
Tue, 23 Apr 2013 02:31:38 +0100
RUSSIA'S biggest steelmaker Severstal yesterday posted a seven per cent increase in its core commodity output compared to the last quarter of 2012. The Moscow- and London-listed company reported that total output of crude steel had risen to 3,835,016 ...


Severstal crude steel output down 4% - MarketWatch
Mon, 22 Apr 2013 07:54:19 +0100
-Crude steel production at Severstal's Russian mills in the first quarter stood at 2.66 million tons, down 2% from the same period in 2012. -Crude steel production at Severstal's North America mills in the first quarter stood at 1.18 million tons, down ...


Flash: Severstal Q1 Total Steel Output Down 4% - Stock Market Wire
Mon, 22 Apr 2013 07:11:56 +0100
FLASH: Severstal Q1 total steel output down 4%. 22 April 2013 | 07:09am. StockMarketWire.com - Story provided by StockMarketWire.com. OAO Severstal (SVST) Share Price. 0.00 +0.90 ( +5.36 %) delayed: 16:37PM. Share Price for OAO Severstal (SVST) ...


Iibg To Begin Preliminary Feasibility Study For Proposed Granulated ...
Tue, 19 Mar 2013 12:52:00 GMT
MOSCOW , March 19, 2013 /CNW/ - International Iron Beneficiation Group Limited (IIBG), an affiliate of OAO Severstal , one of the world's leading vertically integrated steel and steel-related mining companies, ...


Gazprom faces antitrust probe into pipe supplies - RAPSI
Mon, 18 Mar 2013 13:35:00 GMT
On March 15, the watchdog completed a probe into the TMK, OMK Steel, and ChelPipe steel pipe manufacturers, as well as Severstals Izhora pipe mill. The probe was initiated on suspicion of collusion and conspiracy. The watchdog stated that it uncovered ...


NEC clears the air on Severstal - Trinidad Guardian
Sun, 10 Mar 2013 01:57:46 GMT
After news reports that Russian steel company Severstal had pulled out of a US$600 million investment in T&T, the National Energy Corporation (NEC) issued a statement on Friday to clear the air. NEC said a Memorandum of Understanding was signed by ...


Severstal uptades on Russian Steel - SteelGuru
Fri, 08 Mar 2013 04:28:19 GMT
Severstal Russian Steel's revenue in FY12 decreased by 18.3% to USD 8,617 million (FY11: USD 10,547 million) reflecting weaker pricing environment and lower sales volumes including a contraction in large diameter pipe sales. The division's EBITDA2 was ...


Severstal suspends foreign projects as its profit drops threefold ...
Wed, 06 Mar 2013 14:05:19 GMT
RT - The company expects the unstable global economic backdrop to have a negative impact on steel prices in 2013, Gazeta.ru reports. In order to go back to the target level of debt-to-EBITDA ratio of 1.5, Severstal has slashed investment in 2013 to $1.3 ...


Severstal Dearborn Now Recruiting Paid Summer Interns - Patch.com
Tue, 05 Mar 2013 23:32:37 GMT
Severstal North America, one of the largest U.S. steel producers and a subsidiary of OAO Severstal, an international steel and mining company, this week announced the start of recruitment for its summer internship program at its Dearborn location. With ...


Severstal 2012 Net Down 63% to $762M - The Moscow Times
Tue, 05 Mar 2013 17:58:03 GMT
Billionaire Alexei Mordashov's Severstal saw a 63 percent drop in net profit last year to $762 million as a result of weak metal prices and a decline in domestic sales volumes, the steel giant said Tuesday. Severstal, the country's second largest ...


Severstal 2012 Net Profit Plummets 63% on Falling Prices - RIA ...
Tue, 05 Mar 2013 09:15:05 GMT
“Global economic conditions remain uncertain for the steel industry," Severstal CEO Alexei Mordashov said. "However we believe that we could see some improvements over 2013 in steel, iron ore and coking coal demand. We will continue to do our best to ...


Severstal NA supplying coil for OMK's $100M OCTG mill ...
Mon, 04 Mar 2013 14:41:00 GMT
NEW YORK Severstal North America Inc. has been named one of United Metallurgical Co.'s (OMK's) domestic suppliers of hot-rolled coil for its recently launched oil country tubular goods (OCTG) facility near Houston. We're probably a bigger supplier; ...


Severstal to invest $43M in Miss. plant - Jackson Clarion ...
Sat, 23 Feb 2013 07:08:19 GMT
Severstal has announced it will invest $1.3 billion in its steel and mining operations worldwide with $43 million set aside for its rolled steel mill in Columbus. The company says in a news release that while it will spend most of its investments in ...