Steel News: Severstal Steel

Severstal announces sale of Mini-Mill Balakovo
Mon, 05 Aug 2019 00:00:00 GMT
PAO Severstal (the Company) one of the worlds leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of the transaction will be $215 million. The transaction is expected to complete in first half of 2019 following the receipt of approvals and other standard conditions. Alexander Shevelev, CEO of Severstal, commented:


Russia: OMZ-Spetsstal gets new CEO
Wed, 03 Jul 2019 09:45:36 GMT
Dmitriy Porkovskiy has been appointed a new OMZ-Spetsstal LLC CEO. He has started working in metal industry in the sheet-rolling shop No. 3 in Kolpino. In 2014 he was appointed deputy director of the pipe manufacture division of Severstal. From June 2015 till June 2019 he has been the director of the pipe manufacture


Russia: Severstal Distribution sales exceed 100 thousand tons
Fri, 07 Jun 2019 09:44:48 GMT
In May, Severstal Distribution sold 109 thousand tons of metal in Russia. On average since the start of the year the company has been selling 82 thousand tons of metal per month. The previous record of 95 thousand tons was set in August 2018. The record-high volume of sales has been reached as the


Russian retailer Lenta faces investor backlash over sale
Tue, 09 Apr 2019 00:00:00 GMT
Severstal Press Release - Board urged to halt deal with Severgroup and consider higher rival bid from


Number of news reports: 4