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Severstal News

Steelcon Group of Companies establishes U.S. headquarters
Fri, 03 Feb 2023 12:44:00 GMT
Steelcon Group of Companies, Brampton, Ont., has acquired Hammett Steel, a structural and miscellaneous steel fabricator based in Columbus,


POSCO Holdings chief elected worldsteel chairman
Wed, 19 Oct 2022 00:00:00 GMT
Posco Holdings chief executive Jeong-Woo Choi has been elected worldsteel chairman for one year from 18 October. Last years chairman, Sajjan Jindal, becomes vice chairman, as does Nucor chief executive Leon Topalian. Severstal chairman Alexey Mordashov has been re-elected to the executive committee, despite falling under EU sanctions earlier this year. The steelmaker is


Update on the situation regarding the coupon payment for the ...
Thu, 04 Aug 2022 00:00:00 GMT
PAO Severstal (MOEX: CHMF; LSE: SVST) informs that further to our latest disclosures to the holders of the LPNA dated the 23rd and 29th of March 2022 regarding the pending interest payment on the loan relating to Loan Participation Notes due 2024 (LPN) issued by Steel Capital S.A. (the Issuer) in the amount of US$12,6 mln, on 31 March 2022 Severstal also filed license applications with the UK Office of Financial Sanctions Implementation (OFSI) and the competent sanctions authorities in


Altex Tube to open manufacturing plant in Mississippi
Wed, 27 Jul 2022 13:25:00 GMT
Altex Tube LLC is locating a new manufacturing plant in Columbus, Miss., on the Steel Dynamics campus.


Steel production unprofitable in Russia: report
Mon, 18 Jul 2022 00:00:00 GMT
Russian steel producers are experiencing losses in both export and domestic markets, Moscow-based daily Kommersant reported July 14. All major Russian steel manufacturers saw negative margins in June with the sector actively reducing steel production while also considering reducing investment programs, Kommersant said. In June, Severstal saw a negative 46% margin in exports though


US has imposed sanctions on Severstal and its major shareholder
Sat, 04 Jun 2022 10:00:00 GMT
American companies to stop operations with Severstal until August 31, 2022


Russia: metal companies output collapsing
Mon, 30 May 2022 09:53:21 GMT
Russian metal companies are considerably decreasing output. Thus, compared with January-February, MMK has decreased steel production by 40%, while Severstal is reporting a 20-40% drop in June. MMK might produce 550 thousand tons of steel in June. With full loading of capacities the company produces around 1 million tons per month. A part of


Severstal could decrease production volumes under sanctions
Mon, 30 May 2022 00:00:00 GMT
Russian steelmaker Severstal needs to reorient the direction of supplies in the face of sanctions against Russia and therefore cannot guarantee it will maintain production volumes, says majority owner Alexei Mordashov. There are serious challenges for us related to the need to reorient supply lines and procurement channels in the context of sanctions. We


Russian aluminium producer Rusal calls for investigation into ...
Thu, 07 Apr 2022 00:00:00 GMT
Severstal Press Release - Public statement does not directly blame Russia for atrocities in Ukraine


Russian aluminium producer Rusal calls for Bucha war crimes investigation
Thu, 07 Apr 2022 00:00:00 GMT
Severstal Press Release - Public statement does not directly blame Russia for atrocities in Ukraine


Alexei Mordashov: the oligarch scrambling to outpace sanctions
Tue, 05 Apr 2022 00:00:00 GMT
Severstal Press Release - Russian billionaire targeted by EU and UK has moved quickly to shift billions of dollars in


Alexei Mordashov, oligarch scrambling to outpace sanctions
Tue, 05 Apr 2022 00:00:00 GMT
Severstal Press Release - Russian billionaire targeted by EU and UK has moved quickly to shift billions of dollars in



Number of Severstal news reports: 12
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