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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

Redaelli Tecna completes 50m Redaelli Tecna sale
Wed, 29 Apr 2020 19:36:16 GMT
Redaelli Tecna has confirmed that its subsidiary, JSC Severstal - Metiz, has completed the sale of Redaelli Tecna for 50m. Story provided by

Russia's oligarchs expected to dig deep during the crisis
Wed, 22 Apr 2020 00:00:00 GMT
Severstal Press Release - The dynamics of Putins regime puts onus on big business to help the state in troubled times

Russian industry scrambles to cope with coronavirus restrictions
Tue, 21 Apr 2020 00:00:00 GMT
Severstal Press Release - Companies build temporary accommodation and run buses for staff to keep business going

Russia: Severstal says 7 more employees probably contract coronavirus
Tue, 31 Mar 2020 00:00:00 GMT
Seven more employees of Russian steel producer Severstal have possibly contracted the COVID-19, the company said in a statement on March 30. Severstal advised that the diagnosis was confirmed for an employee who was suspected to have the coronavirus. Seven more probable cases of coronavirus were detected during tests of the people who contacted

Severstal to create world-class powder metallurgy center of excellence
Fri, 13 Mar 2020 00:00:00 GMT
PAO Severstal, one of the worlds leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region. Sintez-CIP will become part of Severstal's metalware manufacture division and will be under the operational management of Sergey Kovryakov, CEO of Severstal-metiz. Sintez-CIP enterprise (based in Dzerzhinsk, Nizhny Novgorod

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: 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:

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