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Russias Severstal expects steel demand to drop 5-7% as high rates ...
market russia severstal steel
Thu, 31 Oct 2024 00:00:00 GMT
Russian steelmaker Severstal expects steel demand to drop by 5% to 7% in 2024 as the high cost of borrowing raises the strain on its customers investment plans, company head Alexander Shevelev said on Tuesday. A growing number of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that goals for infrastructure development may be missed, with the central bank bearing the brunt of the criticism. The Bank of Russia hiked on Friday its
https://www.hellenicshippingnews.com/russias-severstal-expects-steel-demand-to-drop-5-7-as-high-rates-hurt-customers/


Ukraine: Dniprometiz loss down in 2023
results ukraine
Wed, 01 May 2024 00:00:00 GMT
In 2023, Dniprometiz-TAS LLC decreased net loss 2.6-fold YoY, to 9.658 million UAH. Net income increased by 8.2%, to 2.677 billion UAH. Undistributed profit amounted to 248.89 million UAH. (Ukrainian
https://metalukraine.com/2024/05/01/ukraine-dniprometiz-loss-down-in-2023.html


Severstal reports Q1 2023 operational results
results severstal steel
Tue, 23 Apr 2024 00:00:00 GMT
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities.
http://www.metalinfo.ru/en/news/160361


Ukraine: sanctions applied to Russian CherMK
severstal steel ukraine war
Fri, 08 Mar 2024 00:00:00 GMT
An UAV has attacked a Severstal steel plant in Cherepovets, Russia. An explosion was heard in the city. Local Telegram channels reported that in the early morning of March 7 there was an explosion at the plant, heard by many citizens. The Severstal press service at first said there was a technological accident at
https://metalukraine.com/2024/03/08/ukraine-sanctions-applied-to-russian-chermk.html


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