1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Severstal
  6. News
  7. Summary
    SVST   US8181503025

SEVERSTAL

(SVST)
  Report
Delayed London Stock Exchange  -  03/03 02:00:01 am EST
0.0601 USD    0.00%
05/23PAO SEVERSTAL : Results of the Annual General Meeting of Shareholders
EQ
05/19Russia's NLMK, 14 Others Granted Permission to Retain Foreign Listings
MT
05/18Russia allows 15 companies to remain listed abroad - finance ministry
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Public Joint Stock Severstal : Severstal's Yakovlevsky GOK launches loading and storage complex, worth 1.7 billion rubles

01/24/2022 | 08:54am EDT
January 18, 2022 Severstal's Yakovlevsky GOK launches loading and storage complex, worth 1.7 billion rubles

PAO Severstal, one of the world's leading steel producers, announces that Yakovlevsky Mining and Processing plant (part of PAO Severstal) has launched a new loading and storage complex in test mode. This is the final stage of the project, the plant's largest investment project of the past year. The Company invested approximately RUB 1.7 billion in the project's development.

The loading and storage complex has been designed to automate the transport and shipment of finished products, as well as for storing ore reserves. The complex has a total area of 7,500 m2, and includes a heated warehouse for dry ore, two conveyor galleries and facilities for loading the ore into railway wagons.

Denis Golubnichy, Head of Yakovlevsky Mining and Processing plant, commented:

"The installation of the new loading and storage complex, a major investment project worth around RUB 1.7 billion, will enable us to move away from using vehicles while shipping our products and establish a completely closed process, greatly reducing the levels of dust emitted at the plant.

The complex will also benefit our overall efficiency levels. Thanks to the logistics optimisation and guaranteed process continuity of the complex, we will be able to increase the total volumes of ore shipped from 3 to 5 million tons per year."

The launch of the loading and storage complex is the second stage in the construction of a single node for storing and shipping products. Last year, Severstal commissioned a drying complex to reduce the levels of moisture contained in the ore, preventing it from freezing in winter when it is shipped to northern regions, in particular to the mine's key client, the Cherepovets Steel Mill.

Disclaimer

OAO Severstal published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 13:53:05 UTC.


© Publicnow 2022
All news about SEVERSTAL
05/23PAO SEVERSTAL : Results of the Annual General Meeting of Shareholders
EQ
05/19Russia's NLMK, 14 Others Granted Permission to Retain Foreign Listings
MT
05/18Russia allows 15 companies to remain listed abroad - finance ministry
RE
05/18Severstal Receives Russia's Approval To Continue Global Depository Receipts Program
MT
05/18Factbox-Russian firms, entities halt publishing data amid sanctions
RE
05/18PAO SEVERSTAL : Severstal obtains permission to maintain its GDR program
EQ
05/18Severstal Obtains Permission to Maintain GDR Program
DJ
04/29Severstal Completes Sale of Vorkutaugol Coking Coal Asset
MT
04/29PAO SEVERSTAL : Severstal closes the agreement of disposal of Vorkutaugol to Russkaya Ener..
EQ
04/22PAO SEVERSTAL : Information regarding coupon payments
EQ
More news
Financials (USD)
Sales 2022 8 753 M - -
Net income 2022 2 469 M - -
Net Debt 2022 2 089 M - -
P/E ratio 2022 4,71x
Yield 2022 17,8%
Capitalization 14 729 M 14 729 M -
EV / Sales 2022 1,92x
EV / Sales 2023 1,73x
Nbr of Employees 100 000
Free-Float 23,1%
Chart SEVERSTAL
Duration : Period :
Severstal Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 17,58 $
Average target price 19,71 $
Spread / Average Target 12,1%
EPS Revisions
Managers and Directors
Alexander Anatolievich Shevelev Chief Executive Officer & Director
Alexey Gennadievich Kulichenko Chief Financial Officer & Director
Alexey Alexandrovich Mordashov Chairman
Alexander Aleksandrovich Auzan Independent Non-Executive Director
Vladimir Alexandrovich Mau Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SEVERSTAL-99.72%14 729
NUCOR12.71%34 232
ARCELORMITTAL1.44%26 758
POSCO HOLDINGS INC.5.83%17 293
TATA STEEL LIMITED-10.10%15 739
STEEL DYNAMICS, INC.29.92%15 216