Latest News & Events
09 January, 2012 Severstal North America Successfully Hot Commissions New Hot Dip Galvanizing Line
02 December, 2011 Severstal Columbus Launches New Push Pull Pickle Line
16 November, 2011 Severstal Columbus Unveils $550 Million Phase II Facility Expansion
16 November, 2011 Severstal North America Appoints Vice President, Purchasing
06 October, 2011 Severstal Dearborn Begins Cold Run on the New Hot Dip Galvanizing Line This Week
29 August, 2011 Severstal North America Successful on Two Patent Fronts
28 July, 2011 Severstal Columbus, LLC Signs $350 Million Revolving Credit Facility
20 June, 2011 Severstal North America Appoints Vice President, Strategy and Business Development
02 June, 2011 Severstal North America Hot Commissions Second EAF at its Columbus site
12 May, 2011 Severstal Columbus Receives Best Practices Award from EMCC Workforce Services
11 May, 2011 Severstal North America Reaches another Favorable Patent Decision
31 March, 2011 Severstal North America Completes Asset Sale and Accelerates Capital Improvements
2 March, 2011 Severstal North America Sells Warren, Wheeling, and Sparrows Point Facilities
18 January, 2011 - Severstal Wins Patent Infringement Lawsuit
11 January, 2011 - Severstal Columbus Earns International Automotive Quality Recognition
3 December, 2010 - Wheeling Corrugating Donates Steel for Artwork
30 September, 2010 - Severstal Sparrows Point Initiates Renewable Energy Program > more news & events
Severstal – a Global Leader in the Steel IndustryOverviewSeverstal North America is a wholly owned subsidiary of OAO Severstal, one of the world’s leading steel producers with vertically integrated and geographically diversified metallurgical and mining assets. In the Russian language, "sever" means "northern" and "stal" means "steel." The foundation of OAO Severstal, its Cherepovets plant, is located about 300 miles north of the Moscow headquarters. The Company’s shares are listed on the Russian Trading System (RTS) and on the London Stock Exchange (LSE). The company focuses on value-added and niche products. It has a successful track record of acquiring and operating high-quality assets in North America and Europe. Severstal also owns mining enterprises in Russia and the United States, supplying its steel operations with raw materials. The company also has a gold mining segment, managing important assets in Russia and Kazakhstan. The company has three divisions:
• Severstal Russian Steel Currently, the company’s assets are located in Russia, Ukraine, Kazakhstan, Italy, France, the United Kingdom, the United States and Africa. In 2008, Severstal produced 19.2 mln tonnes of steel, posting revenues of USD $22.4 bn. The company’s 2008 EBITDA was USD 5.4 bn, while its EPS (earnings per share) stood at USD $2.02. Severstal’s key asset is Cherepovets Steel Mill located in Cherepovets in northwest Russia. It is an integrated steel plant with coking coal, blast furnaces, steelmaking furnaces and rolling facilities. It is one of the world’s most powerful and modern ferrous metals manufacturing enterprises. Severstal’s corporate governance is consistent with international best practices. The company’s Board of Directors has 10 members, five (including the chairman) are independent directors. 2009 HighlightsAccording to Metal Bulletin ratings, Severstal remains the largest producer by volume among companies in the CIS (The Commonwealth of Independent States, former Soviet Republics). Severstal announces strong financial results for 2008. Revenues and net profit increased by 44.4% and 9.9% respectively, year on year.
For additional information on OAO Severstal, click here www.severstal.com. |