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Russia's richest man backs Putin call for businesses to reinvest ...
Tue, 15 Jun 2021 00:00:00 GMT
Severstal Press Release - Severstal owner Alexei Mordashov backs presidents call for companies to fund Kremlins social spending

Worthington Industries acquires Shiloh's U.S. BlankLight business
Wed, 09 Jun 2021 11:15:00 GMT
Worthington Industries Inc., a steel processor and producer of laser welded products in Columbus, Ohio, has announced the acquisition of certain assets of Shiloh Industries U.S. BlankLight

Nordgold/Alexei Mordashov: bringing in Russian bling
Thu, 03 Jun 2021 00:00:00 GMT
Severstal Press Release - Promising returns await those who can tolerate political risks

Cummins finalizing first metal 3D-printed production part
Wed, 05 May 2021 12:15:00 GMT
Columbus, Ind.-based Cummins Inc., a manufacturer of engines, filtration, and power-generation products, is finalizing its first production part created with binder-jet metal 3D printing

Severstal acquires 20% stake in construction pipe plant, strengthening ...
Thu, 29 Apr 2021 00:00:00 GMT
PAO Severstal, one of the world's leading vertically integrated steel and mining companies, announces that it has received permission from the Federal Antimonopoly Service of Russia (FAS) to acquire a 20% stake in LLC Production Association Nizhne-Volzhsky Pipe Plant (NVTZ), a large pipe enterprise located in Volzhsky in the south of Russia. NVTZ currently covers 60% of the construction pipe market in the Southern Federal District. The transaction is expected to be completed within the next

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

Severstal completes construction of environmental facilities ...
Thu, 14 Jan 2021 00:00:00 GMT
Severstal, one of the world's leading vertically integrated steel and mining companies, has completed the construction of environmental facilities for blast furnace No. 3. The modernization of blast furnace No. 3 will mitigate the environmental impact of pig iron production throughout the production chain through use of the best available technologies. The main environmental advantage of the dust and gas capture facilities is the aspiration system and gas cleaning system. The aspiration

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

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