Edition:
India

Severstal' PAO (CHMF.MM)

CHMF.MM on Moscow Interbank Currency Exchange

1,014.00RUB
12 Sep 2019
Change (% chg)

руб-4.60 (-0.45%)
Prev Close
руб1,018.60
Open
руб1,016.40
Day's High
руб1,019.00
Day's Low
руб1,005.40
Volume
1,202,867
Avg. Vol
790,413
52-wk High
руб1,121.60
52-wk Low
руб904.70

Latest Key Developments (Source: Significant Developments)

Russia's Severstal Q2 net profit up 11% q/q
Friday, 19 Jul 2019 

July 19 (Reuters) - Russia's Severstal' PAO , one of the country's largest steelmakers, says::Second-quarter net profit rose 11% quarter on quarter to $475 million from $428 million;.EBITDA in the second quarter was at $753 million, up 13.6% quarter on quarter;.Revenue in the period was at $2.18 billion, up 7.2%; .The current cost of the raw materials basket is giving certain support to steel prices and limiting their downside potential; .The company expects some deceleration of steel demand in Russia in the second half of 2019..  Full Article

Russia's Severstal sets 2019 capex at 95.7 bln roubles
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Russian steelmaker Severstal says::Plans to invest approximately 95.7 billion roubles ($1.46 billion) in 2019..Of this, approximately 64.8 billion roubles will be channelled to its Russian steel division, with spending focused on the construction of a new blast furnace by 2021, among other projects..Around 30.9 billion roubles of the total planned expenditure will go towards the resources division, primarily on development of the Yakovlevskiy mine.."In order to maximise investor value, Severstal will be using 'Adjusted FCF' for the dividend calculation during the intensive stage of the investment programme, which will return to historical levels after 2022. Any capex which exceeds the base-line level of $800 million will not be taken into consideration when determining the level of dividend payout," Severstal's Chief Financial Officer, Alexey Kulichenko, said in the statement..  Full Article

Russia's Severstal: EU tariff quotas may cause steel price to rise
Thursday, 19 Jul 2018 

July 19 (Reuters) - Russian steel producer Severstal said on a media conference call on Thursday::the European Union's tariff quotas on steel imports may cause steel prices to rise in Europe;.its 2018 sales may be slightly higher than in 2017;.its net debt to EBITDA ratio is expected at 0.1-0.5 at the end of 2018..  Full Article

Russia's Severstal recommends Q4 dividend of 27.72 roubles/share
Thursday, 1 Feb 2018 

Russia's Severstal says::Its board of directors has recommended a dividend payment of 27.72 roubles per share for the three months ended Dec. 31; .Approval of the dividend is expected at the company's annual general meeting which will be held on June 8 in the city of Cherepovets, Russia, the record date for participation in it is May 14;.The record date for the dividend payment if approved will be June 19..  Full Article

Russia's Severstal launches new polymer coated rolled steel production line
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Russia's Severstal says::It has launched a production line for polymer coated rolled steel products at its Cherepovets Steel Mill;.It invested approximately 8 billion roubles ($139 million) in the project;.The line is expected to produce 200,000 tonnes of polymer coated steel per year and 400,000 tonnes of galvanized steel per year;.Once the plant is operating at full capacity, Russia will no longer need imports to feed its polymer coated rolled steel market, Severstal CEO Alexander Shevelev said;.Construction of the line began in 2015 and the first test products were manufactured on Sep. 1 this year..  Full Article

Bookrunner announces placing of ordinary shares in PAO Severstal‍​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Bookrunner: (Severstal' PAO ):SEVERSTAL' PAO: BOOKRUNNER SAYS PLACING OF ORDINARY SHARES IN PAO SEVERSTAL‍​.SEVERSTAL' PAO: BOOKRUNNER SAYS ACQUIRED 18 MILLION EXISTING ORDINARY PAO SEVERSTAL SHARES IN FORM OF ORDINARY SHARES AND GDR'S.SEVERSTAL' PAO: BOOKRUNNER SAYS ORDINARY SHARES, GDRS SOLD TO GOLDMAN SACHS FOR RESALE BY WAY OF AN ACCELERATED BOOKBUILT OFFERING‍​.SEVERSTAL' PAO: BOOKRUNNER SAYS ORDINARY SHARES OFFERED IN PLACING AT RUB 885.35/SHARE, GLOBAL DEPOSITORY RECEIPTS AT $14.97/GDR.SEVERSTAL' PAO: BOOKRUNNER SAYS FOLLOWING DEAL CHAIRMAN WILL CONTINUE TO HOLD APPROXIMATELY 77 PERCENT OF ISSUED SHARE CAPITAL OF CO.  Full Article

Goldman Sachs says to offer 18 million shares in Russia's Severstal
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Severstal' Pao :Goldman Sachs International announces its intention to offer approximately 18 million existing ordinary shares of Russian steelmaker Severstal.Goldman Sachs says the placing securities are being offered by way of an accelerated bookbuild.Goldman Sachs says the placing securities represent approximately 2.1 per cent of Severstal's issued ordinary share capital..Goldman Sachs International says it is acting as sole bookrunner in connection with the placing.Goldman Sachs says it acquired the shares being offered from Pearlgreen Limited, a company connected with Severstal chairman of board of directors Alexey Mordashov.Goldman Sachs says assuming all of the placing securities are sold, Mordashov will continue to hold approximately 77 per cent of the issued share capital of Severstal.  Full Article

Russia's Severstal recommends Q3 dividend of 35.61 roubles/share
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Russia's Severstal says::Its board of directors has recommended a dividend payment of 35.61 roubles per share for the three months ended Sept. 30; .Approval of the dividend is expected at the company's shareholder meeting which will be held by absentee voting on Nov. 24, all shareholders on the register as at Oct. 30 are eligible to participate;.The record date for the dividend payment will be Dec. 5..  Full Article