News Archive

Severstal today released its FY 2009 financial results as follows.

OAO Severstal (LSE: SVST; RTS: CHMF), one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe, and the Lucchini family announce that Severstal has acquired the family’s 20.2 percent stake in Lucchini SpA. Following the transaction Severstal now owns 100 percent of the Lucchini SpA.

PBS Coals Inc., a leading provider of metallurgical and steam coals and a subsidiary of Severstal Resources, the mining division of OAO Severstal, today announced the appointment of Lynn Shanks as CEO of PBS Coals. He began February 18th, 2010.

OAO Severstal, one of the world’s leading integrated steel and mining companies, with key assets in Russia, the US and Europe, will report financial results for the year ended 31 December 2009, on 9 March 2010 at 10.00 a.m. (Moscow).

Severstal North America will be resuming modernization programs at its Severstal Dearborn, Mich., and Severstal Columbus, Miss., facilities to provide the highest quality products to its customers.

OAO Severstal announces the pricing of a 15 billion Rouble

Severstal will control 19.79% of Crew Gold common shares. The company operates the LEFA mining project in Guinea.

OAO Severstal, one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe, today announces a US $1.4 billion capital investment programme for the current financial year.

OAO Severstal (LSE: SVST; RTS: CHMF), one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe, notes media speculation that it is in negotiation to sell its European operations (Lucchini Group). 

Severstal today announces that it will supply large-diameter pipes for the 2nd phase of the East Siberia-Pacific Ocean (ESPO) oil pipeline. When completed, the pipeline will carry oil to Russia’s Far East and Asia-Pacific markets. The first deliveries from the ESPO pipeline (1st phase) are due to commence in March 2010, according to Dmitry Goroshkov, Director of Sales at CherMK.