Severstal has sold to a private investor company Neva-Metal, which specializes in handling of containerized cargo arriving by sea, river, rail and road transport. Decision is connected with change of logistic flows of company, explains Severstal. Terms of the deal company did not disclose. Neva-Metal's revenues last year were ₽2.8 billion, with a net profit...

First 24,000 tons of Russian steel arrived in Mumbai port on July 23 on the dry cargo ship Akson Serin, sources told Kallanish commodities. Another 80,000 tons of hot-rolled coils are en route from Russia for delivery in August and September. The supplier of the rolled steel is Severstal. The contract is in either Emirati dirhams or renminbi.

Severstal's Izhora Pipe Plant will supply 84,000 tons of large-diameter pipes with external anticorrosion coating to Gazprom. Delivery time company did not specify. In the first half of 2022 Severstal sold 215 thousand tons of LDP, which is 59% more than a year earlier.

Severstal in 6 months of 2022 produced 5.325 mln tons of steel, 7% less than in the same period last year. Production of pig iron remained at the same level, amounting to 5.305 mln tons. Steel product sales decreased by 6% to 4.994 million tonnes. The share of high value-added products remained unchanged, at 47%. The average selling price of steel products a...