OAO Severstal's North American operations reported improved selling prices and shipments in the three months ended Sept. 30 compared with the second quarter, but the results still trailed levels seen in the same period last year.
Russian steelmaker Severstal has commenced a general overhaul of blast furnace No. 2 at its Cherepovets plant, and plans to restart it by the end of first quarter 2010.
Russian steel producer Severstal said Monday its third-quarter production of crude steel rose 19% to 4.52 million tons from the previous quarter. However, crude steel production tumbled 25% compared to the same quarter a year ago.
Market...
The United Steelworkers union has agreed to a new short-term labor contract extension with Severstal North America Inc. And, according to a bargaining update, the union remains committed to making the unit of Russia's OAO Severstal a strong third...
(Update1) Russian steelmakers’ plans for world
domination are in tatters. A spending spree on U.S. mills meant
to lift their billionaire owners into the industry’s top rank is
instead forcing them to renegotiate debt and write down assets.
Severstal North America Inc. said Wednesday it will temporarily idle the sinter plant at the "L" blast furnace at its Sparrows Point, Md., operations beginning the week of Oct. 4 in a cost-cutting move.
Sergei Kuznetsov, president and chief executive officer of Severstal North America Inc., has been named to the board of directors of the U.S.-Russia Business Council (USRBC).
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