Agreement for sale of Dneprometiz

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that its Austrian subsidiary Severstal-Trade Gmbh has entered into a definitive agreement to sell Dneprometiz to a German private company. Dneprometiz is the Ukrainian enterprise managed by Severstal-metiz, a group of companies which unites Severstal metalware […]

“Severstal-metiz” declares structural changes in the company

The Severstal-metiz group of companies (enters into JSC Severstal) declares allocation of the rope business in JSC Redaelli SSM. The new company will include the Volgograd branch of Severstal-metiz group and JSC Teci-Rus. The reorganization purpose — strengthening of positions in the market of special ropes and concentration of production and administrative resources on development […]

Abinsky ElectroMetallurgical Plant will start two more stages

Abinsky ElectroMetallurgical Plant (Krasnodar region)  plans to start two more stages of production (the third and the fourth). The General Director of the plant, the deputy of the State Duma,  Ivan Demchenko told about it during a meeting with the governor of Kuban Alexander Tkachyov. Mr. Demchenko told that thanks to region support the plant […]

BMZ actively continues modernization and reconstruction

Investments of Byelorussian Steel Works in basic capital were 68 million Euro  for  January-March 2014 (including ~61 million Euro investment in modernization) From the beginning of 2014 several key modernization projects have been finished: reconstruction of the arc  furnace №1, continuous billet casting machine  №2, dust and gas catchers №1 and the construction of a new […]