Steel News: Severstal Steel

Severstal to add longs' capacity with new mill
Tue, 25 Feb 2020 00:00:00 GMT
Russias vertically-integrated steelmaker Severstal is adding an extra 1 million tonnes/year of long rolled and drawn products to its product range. It is installing a new flexible drawing mill-170 at its principal Russian Cherepovets works,the company says. The RUB 11 billion ($168.3 million) shopis set to produce wire rod ranging 5.5-18mm in diameter and


Russia: Severstal to invest 73.4 billion rubles in Russian Steel
Wed, 19 Feb 2020 00:00:00 GMT
This year Severstal intends to spend 73.4 billion rules on the development of Cherepovets Iron and Steel Works and other Russian Steel manufacturing assets. The investment program will cover the entire technological chain of Cherepovets Iron and Steel Works. As in 2019, some 41% of investments, or 29.8 billion rubles, will be spent on


Redaelli Tecna completes 50m Redaelli Tecna sale
Wed, 12 Feb 2020 19:36:05 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, 12 Feb 2020 19:31:05 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


Russia: Severstal to supply rolled metal for bridge construction ...
Tue, 11 Feb 2020 00:00:00 GMT
Severstal has signed an agreement with Kurganstalmost to supply 9.2 thousand tons of hot-rolled sheets for the construction of a bridge in the city of Cherepovets. The metal will be produced at the mill-2800 of Cherepovets Iron and Steel Works. From the sheets Kurganstalmost will make all the necessary metal structures for the bridge.


Russia: Severstal supplies corrosion-resistant strips to ZTZ
Mon, 10 Feb 2020 00:00:00 GMT
In December 2019 January 2020 Severstal supplied 50 thousand tons of corrosion-resistant strips to Zagorsky Pipe Works. The strips were produced at the mill-5000 in Kolpino. Pipes made of such strips could be used at the temperature of 20 degrees C. (Ukrainian


Russia: Severstal to buy pipe manufacturer from Voronezh region
Mon, 03 Feb 2020 00:00:00 GMT
Severstal is negotiating the purchase of Liskimontazhconstruktsia steel pipe manufacturer with its owners. Its too early to speak of the sale, but the negotiations are underway, a source in the regional authorities reported. The rumors of the change in the company ownership started circulating several years ago. The company had difficulties with sales due


Russia: Severstal BoD recommends dividend payment for Q4 2019
Fri, 31 Jan 2020 00:00:00 GMT
The Severstal board of directors recommends paying dividends in the amount of 26.26 rubles per ordinary share for October-December 2019. The decision is expected to be approved at a shareholders meeting scheduled for June 5. (Ukrainian


Severstal passes EGM resolutions
Wed, 22 Jan 2020 19:37:56 GMT
Severstal has announced that all resolutions were passed at the Company's Extraordinary General Meeting held on 10 December 2015. In addition, Severstal's shareholders approved the payment of


Russia: Yugra provides land for Severstal JV pipe works construction
Wed, 22 Jan 2020 00:00:00 GMT
The authorities of Yugra have provided land plots for the construction of a Severstal and Tenaris joint venture to produce welded pipes. Severstal has started making project estimates, and until the end of the year will begin construction. The new works will create 500 jobs and will provide payments to the budget at the


Russia: Severstals steel output down in 2019
Fri, 17 Jan 2020 00:00:00 GMT
The steel output of Severstal contracted by 2% YoY, to 11.847 million tons in 2019 hurt by lower output in the second half of the year after the sale of a long products plant, the company said in a statement on January 17. The negative effect of the sale was partially offset by higher


Russia: Severgroup expects 400-billion ruble aid under invest ...
Thu, 07 Nov 2019 00:00:00 GMT
Severgroup of tycoon Alexei Mordashov expects a more than 400-billion ruble support in the framework of the law of protection and promotion of investments, a representative of the group reported. Severgroup presented projects worth more than 400 billion rubles to the workgroup for the bill, all of them will favor fulfillment of the national


Russia: Severstal BoD recommends paying dividends
Fri, 18 Oct 2019 00:00:00 GMT
Severstal Board of Directors has recommended paying dividends for Q3 in the amount of 27.47 rubles per share. The decision will be taken at the extraordinary shareholders meeting scheduled for November 22. If the meeting approves of the decision, the date of creation of the list of shareholders liable for dividends will be December


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:


Russian oligarch Alexei Mordashov declares victory on Lenta
Tue, 30 Apr 2019 00:00:00 GMT
Severstal Press Release - Severgroup buys 42% of its retail rival, seeing off bid by Magnit


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 Magnit


PE group TPG in talks to sell stake in hypermarket chain Lenta
Wed, 27 Mar 2019 00:00:00 GMT
Severstal Press Release - Alexei Mordashovs Severgroup planning to acquire TPGs holding in retaile


Number of news reports: 17