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Severstal to reduce capital expenditure in 2021
Fri, 05 Feb 2021 00:00:00 GMT
Russian steelmaker and miner Severstal will investin 2021 around $1.35 billion intomajor projects at its steel and resources divisions, some -20% less than in 2020. The investments continue to form part of the firms $2.5 billion strategy spanning to 2023. They will include key focus strategy areas such as customer service excellence, cost leadership

Severstal expects Russian steel demand to recover by 3%-4% in ...
Fri, 05 Feb 2021 00:00:00 GMT
Russian mining and steelmaking company Severstal expects the Russian steel demand to recover 3%-4% in 2021, driven by improved construction activity and recovery in the oil and gas sector, the company said in its financial results statement Feb. 4. Severstal saw a 3% dip in Russian steel consumption in 2020, which was less than

European Commission to review Severstal HRC duty
Mon, 18 Jan 2021 00:00:00 GMT
The European Commission is reviewing the existing anti-dumping duty (ADD) on hot-rolled coil (HRC) shipments from Russian steel producer Severstal after being petitioned by European steel association Eurofer. Argus previously reported in May 2020 that Eurofer waspressing for the review. The investigation period will cover 1 January 2020 to 31 December 2020. Russia during

A nasty tax surprise for Russia's mining tycoons
Thu, 01 Oct 2020 00:00:00 GMT
Severstal Press Release - Outraged oligarchs get sharp rebuke as Kremlin looks to plug $50bn deficit caused by the

Severstal commits to cutting its carbon emissions by 3% by 2023 ...
Tue, 22 Sep 2020 00:00:00 GMT
Severstal announces a public target to cut its greenhouse gas emissions intensity by 3% over the next three years compared with 2020 . It is the first stage of a longer-term strategy to reduce its carbon footprint and increase its contribution to meeting the goals set by the Paris Climate Agreement. We have identified the following investment projects that should contribute most significantly to this target are: the construction of long-range wire mill 170, implementation of argon purging of

MMK-METIZ is developing in-demand products and improving service ...
Fri, 18 Sep 2020 00:00:00 GMT
MMK-METIZ is developing in-demand products and improving service quality, said Alexander Mukhin, Director of MMK-METIZ Magnitogorsk Hardware and Calibration plant, as he welcomed participants to the opening of the 9th all-Russian Wire - Fasteners conference in

Redaelli Tecna completes 50m Redaelli Tecna sale
Wed, 29 Jul 2020 19:36:46 GMT
Redaelli Tecna has confirmed that its subsidiary, JSC Severstal - Metiz, has completed the sale of Redaelli Tecna for 50m. Story provided by

Severstal updates on restoration work at Severnaya
Wed, 29 Jul 2020 19:31:46 GMT
Severstal said mine accident emergency works command staff have taken a final decision on handling the underground fire in the Severnaya mine via flooding it with water. Flooding started the

Severstal Ships 100KT of Iron Ore Pellets to CSN
Tue, 07 Jul 2020 22:44:00 GMT
Karelsky Okatysh, a division of PAO Severstal and Russias leading iron ore mining and processing ... fully integrated steel producer Companhia Siderurgica Nacional. Before reaching CSN, the

Severstal says 'no' to Europe as Thyssenkrupp's options narrow
Fri, 12 Jun 2020 12:22:04 GMT
By Anastasia Lyrchikova, Christoph Steitz and Tom Kckenhoff xxx Reuters - Russian steelmaker Severstal (MM:CHMF) has no plans to get involved in industry consolidation

Severstal: no notice yet of EU duty review, Eurofer: no comment
Mon, 01 Jun 2020 00:00:00 GMT
Russian steelmaker Severstal is ready to participate in any review of the anti-dumping duty on its hot-rolled coil exports to the EU, and would be able to prove it does not resort to unfair trade practices or dumping if such a review were initiated, it said Friday. Responding to questions from S&P Global Platts

Eurofer seeks Severstal HRC anti-dumping duty review
Wed, 27 May 2020 00:00:00 GMT
European steel association Eurofer is pressing for an interim anti-dumping duty review against Russian steelmaker Severstal for its hot-rolled coil (HRC) shipments to the EU. Severstal pays a 17.60/t ($19.35/t) duty on deliveries to the EU, but Eurofer believes there is a chance of tripling this through a review, as it sees 9-17pc excess

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