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PAO Severstal H1 Net Income Rises; Revenue Down 20.1% - Quick Facts
(RTTNews.com) - 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.
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.
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.
SEVERSTAL' OAO : Severstal will supply rolled steel for Nissan Almera model
The Cherepovets Steel Mill, one of the world's largest integrated steel mills (part of Severstal's Russian Steel Division), entered into another agreement to supply rolled steel for the production of Nissan Almera model.
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 ...
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.
Severstal invests more than 4 billion rubles in the Russian Steel division in ...
In the first half of 2015 Severstal also invested in development projects. The largest of these is the construction of a third metal polymer coating complex.
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
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 ...