Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Severstal
  6. News
  7. Summary
    SVST   US8181503025


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Public Joint Stock Severstal : Severstal acquires intellectual rights to innovative rolled steel materials from Arcanum Alloys

09/29/2021 | 06:12am EST

September 29, 2021 Severstal acquires intellectual rights to innovative rolled steel materials from Arcanum Alloys

PAO Severstal, one of the world's largest vertically integrated steel and mining companies, announces the acquisition of more than 40 patents and patent applications from Arcanum Alloys Inc., an American company that develops and produces steel alloy diffusion technology.

In September 2019, Severstal became the lead investor in Arcanum Alloys' most recent round of financing. Arcanum Alloys has developed a unique technology to develop a special alloy on a rolled surface. This technology enables the manufacturing of a wide range of products not only with improved characteristics, including high aesthetic and corrosion properties equivalent to stainless steel, but also with excellent formability and a lower cost profile. Such products are widely used in the automotive and construction industries, as well as in the production of household appliances.

This technology offers promising opportunities to provide unique types of electrical steel for highly critical applications within electric vehicles, self-driving aerial vehicles and other fast-growing markets. Severstal plans to launch a pilot for the production of rolled products with diffusion alloying at the Cherepovets Steel Mill site by the end of 2021. Depending on the success of the pilot, a decision will then be made on the volume and further scaling of production.

Andrey Laptev, Director of Business Development and Corporate Venture Projects, commented:

"The acquisition of intellectual rights from Arcanum Alloys for the use of breakthrough technologies in metallurgy is more than just a glimpse into the future. In the nearest future Severstal will be able to offer truly unique products that may interest customers from traditional industries, as well as fast-growing markets, such as electric vehicles. Most of the largest automobile manufacturers are already producing such vehicles, continuing to perfect their processes taking into account the newest technologies and increasingly consumer-conscious habits. This acquisition presents a unique opportunity for Severstal to begin delivering these unique products abroad. The patents we have acquired are registered in many countries across the world, and throughout Severstal's key regions of Europe, Asia and North America."

George Gogolev, Head of Severstal Ventures, commented:

"Severstal's venture capital activity has provided us with unprecedented access to a wide range of breakthrough technologies in recent years. Acquisition of the intellectual rights to these latest technologies, which use alternative methods to obtain unique steel grades, gives us a new opportunity to offer our customers innovative product solutions. In the coming months, we will launch a pilot production of rolled products with diffusion alloying at our flagship site in Cherepovets. During this industrial experiment, our regular and potential customers will be able to take part in it. The domestic market of the Russian Federation is a net importer of stainless steel, so the start of production of this type of rolled steel will be a new round in the development of Russian metallurgy."


OAO Severstal published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 10:11:08 UTC.

© Publicnow 2021
All news about SEVERSTAL
12/02Severstal Offloads Coal Mining Unit Vorkutaugol For $203 Million
12/02PUBLIC JOINT STOCK SEVERSTAL : Severstal agrees to sell Vorkutaugol to Russkaya Energiya
12/02PAO SEVERSTAL : Severstal agrees to sell Vorkutaugol to Russkaya Energiya
11/30PUBLIC JOINT STOCK SEVERSTAL : Severstal increases the share of renewables in its energy p..
11/30PUBLIC JOINT STOCK SEVERSTAL : Severstal and EY conduct an ethical standards compliance au..
11/29PUBLIC JOINT STOCK SEVERSTAL : Severstal is developing a programme for monitoring and cons..
11/29PUBLIC JOINT STOCK SEVERSTAL : Severstal implemented Clawbacks & malus policy
11/22PUBLIC JOINT STOCK SEVERSTAL : Severstal completes first delivery of large diameter pipes ..
11/17PUBLIC JOINT STOCK SEVERSTAL : Severstal Presents Effective Solutions at ADIPEC in Abu Dha..
11/12Severstal, Schneider Electric and Air Liquide sign Climate Memorandum "Together towards..
More news
Financials (USD)
Sales 2021 11 555 M - -
Net income 2021 4 424 M - -
Net Debt 2021 1 758 M - -
P/E ratio 2021 4,12x
Yield 2021 20,0%
Capitalization 17 709 M 17 709 M -
EV / Sales 2021 1,68x
EV / Sales 2022 2,06x
Nbr of Employees 100 000
Free-Float -
Duration : Period :
Severstal Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SEVERSTAL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 21,14 $
Average target price 23,61 $
Spread / Average Target 11,7%
EPS Revisions
Managers and Directors
Alexander Anatolievich Shevelev Chief Executive Officer & Director
Alexey Gennadievich Kulichenko Chief Financial Officer & Director
Alexey Alexandrovitch Mordashov Chairman
Agnes Ritter Director & Chief Technical Officer
Philip John Dayer Independent Non-Executive Director