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HRC and HRP booking from Russia at new lows in Spain

It has been learnt that big Russian steel mills has been very aggressive during last 15 days mainly in Spain where rumours are indicating of orders booked at prices close to EUR 390 CIFFO with LC at 90 days. Another ...

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Severstal to supply large diameter pipes for Southern Gas Corridor project

Izhora Pipe Mill, a fully owned subsidiary of OAO Severstal’s Russian Steel division, announced that it has won a tender to supply Gazprom with around 85,000 tonnes of externally and internally coated 1420 mm diameter K60 grade steel pipes, designed ...

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Severstal update on Russian Steel

1. Severstal Russian Steel steel products sales remained flat QoQ at 2.7 million tonnes. Meanwhile, we highlight that notwithstanding sharp decline in semi finished products sales (down 91% QoQ) due to BOFs scheduled maintenance, sales volumes of rolled products and ...

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Russia’s Severstal selling off $2.33B worth of U.S. steel plants

Russia’s Severstal selling off $2.33B worth of U.S. steel plants

Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened ...

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