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 ...

TASS/. Capital expenditures of Severstal may reach 119 bln rubles ($1.3 bln) in 2024, which is 64% higher than in 2023, the steel and mining company reported. In particular, it is planned to ...

Steelmaker Severstal is applying for the required licenses to process the payment, it said in a statement, which includes a UK number to a switchboard at Citigroup, the payment agent and the trustee.

Severstal in the first half of the year reduced steel production by 8% year-on-year to 5.22 mln tons MOSCOW, July 22. /TASS/. Severstal's net profit under the International Financial Reporting ...