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Severstal's European steel distribution unit released from sanctions ...
Fri, 21 Apr 2023 00:00:00 GMT
Russian mining and steel company Severstal has completed the sale of its European steel distribution network, Severstal Distribution, to Marcegaglia Carbon Steel, a subsidiary of Italian steel rerolling group Marcegaglia, releasing the unit from EU sanctions, the two steel companies said in separate statements April 21. Marcegaglia Carbon Steel had renamed its purchase Marcegaglia

Steelcon acquires Hammett Steel
Wed, 08 Feb 2023 14:29:00 GMT
Steelcon has purchased Hammett Steel LLC, Columbus, Ga., an AISC-certified structural and miscellaneous steel building

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

Number of Severstal news reports: 7
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