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MP criticises 'inadequate' pension probe settlement
Earlier this year, the regulator announced that an �8.5m settlement had been reached with two Russian firms - PAO Severstal and OAO Severstal-Metiz in connection with the Carrington Wire case. In April, the regulator's determinations panel ruled that a ...
Severstal appoints chairman and SID
Furthermore, independent director Alun Bowen was elected chairman of the audit committee and independent director Philip Dayer was elected chairman of the health, safety and environmental committee at a meeting of Severstal's board of directors ...
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.
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.
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.
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.
Moody's: Russian steelmakers' robust credit profiles provide bulwark against ...
Leverage, as measured by Moody's adjusted debt/EBITDA, fell to 1.42x for NLMK (Ba1 negative), 1.58x for PAO Severstal (Ba1 negative), 2.61x for Evraz Group S.A.
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 ...
Severstal to supply pipes for Power of Siberia project
PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has won a tender to supply about 160 000 t of large diameter pipes for Gazprom's major gas transmission project Power of Siberia.
Evraz Climbs to Two-Year High on Plan for $375 Million Buyback
Rival Russian steelmakers, OAO Novolipetsk Steel and PAO Severstal, are also increasing capital returns to shareholders. “In view of strong positive cash flow and the liquidity to service debt and meet 2015 maturities, as well as the reduced 2016 debt ...