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Moody's: Operating environment underpins ratings of Severstal and Gerdau
London, 19 November 2015 -- Russian integrated steelmaking and mining company PAO Severstal's (Ba1 negative) significantly lower leverage and much higher profitability give it a stronger financial profile than its Brazilian investment-grade peer Gerdau ...
Severstal inks Renault-Nissan AvtoVAZ contract
Severstal has signed a four-month contract to deliver rolled steel to Renault-Nissan from its Cherepovets Mill (CherMK). The steel will be used in car production at the Moscow and Togliatti plants of the Renault-Nissan and AvtoVAZ Alliance.
NLMK Emerges as Russia's Largest Steelmaker as Rivals Cut Output
OAO Novolipetsk Steel, controlled by billionaire Vladimir Lisin, became Russia's largest steelmaker by total output in 2014 after Evraz Plc's production in Europe and the U.S.
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.
Vladimir Putin Starts His Own Ratings Firm
Vladimir Putin's homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three weeks, Moody's Investors Service Inc. and Fitch Ratings Ltd.
Russia Steelmaker Profit Margins Seen Threatened by Rising Ruble
“The situation in the market remains tough and we understand that margin levels will fall during the year,” Alexey Kulichenko, chief financial officer of PAO Severstal, said in an interview on Thursday. “A lot depends on how strong the ruble will be ...
Rail freight news in brief
A memorandum of co-operation signed by Russian Railways, Gefco and PAO Severstal at the St Petersburg International Economic Forum on June 17 covers proposals for RZD to move metal products and raw materials for Severstal, with Gefco to optimise ...
Moody's reviews for downgrade 13 Russian non-financial corporates and ...
London, 10 March 2016 -- Moody's Investors Service has placed 13 Russian non-financial corporates and their supported subsidiaries on review for downgrade.
The Rise of Metals Men Spurs Four-Way Race for Russia's Richest
The rising fortunes of Russian metal investors Vladimir Potanin and Alexey Mordashov have ignited a four-way battle at the top of the country's wealth ranking for the first time since the Bloomberg Billionaires Index began tracking the world's biggest ...
Results of Extraordinary General Meeting
PAO Severstal ("Severstal", the "Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, announces that a resolution on payment of a dividend for the first six months ended 30 ...