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PAO Severstal H1 net income rises; revenue down 20.1% - Quick Facts
PAO Severstal (SVST.L), one of the world's leading steel and steel-related mining companies, reported first-half net income of $806 million compared to $130 million, a year ago.
Severstal to Buy Back $600 Million of Bonds After Exiting U.S.
(Bloomberg) -- PAO Severstal plans to buy back as much as $600 million of dollar bonds after the steel company sold its U.S.
Severstal opens Cherepovets Metallurgy Museum
PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, opened a new Metallurgy Museum in Cherepovets.
Carrington Wire: Did watchdog win its game of Russian roulette?
On the eve of the hearing, however, TPR accepted the offer of �8.5m from PAO Severstal and OAO Severstal-Metiz. PP understands the funds were paid in very quickly after the agreement was reached.
Regulator seeks �382000 from individual in DB deal
Earlier this year the regulator announced that an �8.5m settlement had been reached with two businesses domiciled in Russia: PAO Severstal and OAO Severstal-Metiz. The determinations panel ruled that a contribution notice of �382,136 should be issued ...
The week ahead...
January's consumer and producer price indices will be released on Tuesday. After falling to 0.5% in December, Investec expects CPI to slip back to +0.3% in January after modest downward pressures in areas such as food.
Settlement reached in Carrington Wire case
This included two businesses based in Russia - PAO Severstal and OAO Severstal-Metiz. Following representations made by various parties, including the Russian companies, the matter was passed to the regulator's determinations panel.
Regulator rachets up compliance clampdown  FT Adviser
Russian Dividend Yields Outpace EM Peers on Weaker Ruble
At the end of 2014, OAO Novolipetsk Steel had $1.2 billion of cash and equivalents, while PAO Severstal had $1.9 billion of cash and near-cash items, data compiled by Bloomberg show.
Russia Steel Mills Become World Beaters After Ruble's Slide
Producers including PAO Severstal and OAO Novolipetsk Steel pay wages and other costs, including transportation, in rubles while earning dollars or euros for exported steel.
Russian Steelmakers Succumb to Stronger Ruble Amid Weaker Demand
(Bloomberg) -- Russian steelmakers are falling out of investors' favor as slack demand and a strengthening ruble dim the profit outlook for some of the companies that had skirted a broader selloff amid the country's financial crisis.