Metallurgy news
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The most interesting results of the work of Polyus for 20241. Production records - gold production reached a record level of 3 million ounces, exceeding the forecast by 7%. - an increase in ore mining by 20%compared to last year, amounting to 98,026 thousand tons. tons. -an increase in gold extraction coefficient: 84.2% in 2024 against 83.0% in 2023. ---…
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The short answer is "Yes!": Severstal has published a book on the development of an effective private business in RussiaOn the occasion of the 70th anniversary of the Cherepovets Metallurgical Combine, we presented the book "Is it possible to make a world leader in metallurgy out of a Soviet plant? The short answer is "Yes!".The book and its audio version performed by theater and film actor Anatoly Kot are available…
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The Blitz with Alexander ShevelevToday, in our "Blitz" section, there is a festive issue, the hero of which is Alexander Shevelev, CEO of Severstal!Alexander Anatolyevich joined the Cherepovets Steel Rolling Mill as a locksmith after the army in 1997, and after 1.5 years he became a shift foreman.At that time, the company was…
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Severstal is reviewing climatic goals: reducing the intensity of Co₂ emissions by 10% will be achieved two years ahead of scheduleSeverstal transfers the deadline for achieving its climatic goal to reduce carbon intensity by an earlier term. According to the actualized forecast, we will achieve the goal of reducing the specific emissions of CO₂ by 10% compared to the basic level already in 2028, instead of the previously…
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The Blitz with Alexander ShevelevToday, in our "Blitz" section, there is a festive issue, the hero of which is Alexander Shevelev, CEO of Severstal!Alexander Anatolyevich joined the Cherepovets Steel Rolling Mill as a locksmith after the army in 1997, and after 1.5 years he became a shift foreman.At that time, the company was…
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In July, the margin of export transportation of coal for railway operators fell relative to June and in a number of directionsThe profitability in a number of directions is really close to zero, the rate allows you to pay only empty, there is no money left even to repair the car, not to mention leasing. “Given the fact that the wagon enters the scheduled repair once every two to three years, if the situation is delayed…
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On Sakhalin, as a result of a fire, a 150-meter section of the largest coal conveyor has burned out, which has been building "Eastern Mining Company " for many years- from the cut & quot; Solntsevsky & quot; To the port of Shakhtersk, so as not to carry coal with trucks. There are no victims. At the time of fire, the tape did not work. According to preliminary information, the cause of the fire was the technical malfunction of the equipment. the conveyor…
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Severstal will not distribute dividends for the second quarter of 2025Today the company reported for the first half of the year. Net profit decreased by 55% and revenue by 11%. Sales of steel products increased by 6%.The market conditions are not the best for ferrous metallurgy companies. The economy is slowing down. Loading of ferrous metals on the Russian Railways…
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Severstal's operational and financial results for the 2nd quarter of 2025Key results:Revenue – 185,477 millionEBITDA – 39,291 millionInvestments – 43 524 millionProduction:Cast iron – 2,696,000 tons.Steel – 2,504 thousand tons.Sales:Steel production – 2,788 thousand tons.GVA products – 1,412 thousand tons.Iron ore – 596 thousand tons.Alexander Shevelev, CEO of…
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Bolidene increased metal production, but the profit fell sharplyThe Swedish company Boliden non-ferrous metal company in the second quarter of 2025 reduced operating profit, which turned out to be worse than expected. according to the company’s press release, the profit in April June amounted to 1.094 billion Swedish crowns ($ 112.1 million) compared to 4.814…
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