
OAO Severstal, one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe has posted today results for 12 months ended 31 December 2009.
Revenue decreased to $13,054 million from $22,393 (FY2008)million because of market conditions, particularly in the first half of 2009, which led to lower sales
volumes and average prices. EBITDA (Earnings before interest, tax, depreciation and amortization) decreased to $844 million from $5.368 ...

Novolipetsk Steel (LSE: NLMK) Board of Directors took a decision to launch the ruble corporate bond program series 01-06 with a maturity of 10 years. The total value of the program is RUB 50 bn. The Board also approved the decision to issue the bonds and the Prospectus of 01-06 series bond emission, reported the press-service.
This new instrument will help NLMK to attract long-term capital to finance its Technical Upgrade Program, as well as other corporate purposes.
In late 2009 ...