Severstal. September

Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announces that it is hosting a presentation to investors and analysts in London to update on its development strategy. Presentations will be given by the senior management team led by Chris Clark (Chairman) and Alexey Mordashov (Chief Executive Officer) setting out the Company’s strategic focus on steel and steel-related mining with the objective of becoming a global industry ...

Severstal and Rugers Group of Companies Set Up Joint Venture. An agreement to this effect was signed on Friday, September 23d, in Moscow by General Director of Division Severstal Russian Steel Alexander Grubman and President and CEO of the RÜTGERS Group Mr. Henri Steinmetz. Severstal holds 49% of the charter capital. Total investments make up USD 26.6 million due to borrowed funds over a period of 5 years. A representative of the Rutgers Group of Companies will be appointed ...

The Cherepovets Metallurgical Plant (part of division Severstal Russian Steel) launched Technological Process Control System project, worth a total of 42 million rubles. The goal of the investment project is to improve management decision making process efficiency, by promptly delivering information on all production processes at the Cherepovets Metallurgical Plant. The general building contractor of the project being “Russian Steel” – ...