Tag: Severstal
Severstal to roll out Finesmelt Technology
Severstal has bought a 25.6% stake in Iron Mineral Beneficiation Services (IMBS) for USD 17 million as part of a deal that will allow it to globally roll out Finesmelt technology.
Severstal changes senior management team
OAO Severstal has announced changes to its senior management team that will come into effect on 1 September 2010. Mr Alexander Grubman, currently CEO of Severstal Resources division, has been appointed as CEO of Severstal Russian Steel. Mr
Severstal Olcon expands iron ore resource base
Olenegorsk mining and processing plant, a part of Russian-based steelmaker Severstal mining division, has received a license to explore and mine iron ore from the eastern district of the South Kahozersk iron ore deposits in the Murmansk region of NW Russia.
New corporate brand identity for Severstal
On 7 July 2009 Severstal introduced a new corporate brand identity and launched an updated corporate website to reflect the truly global nature of the company and its status as a leader in the metals and mining industry.
Severstal acquisition of Esmark
Severstal has completed its acquisition of Esmark Inc., a manufacturer and distributor of flat rolled and other steel products.
Arcelor rejects proposed Severstal merger
The shareholders meeting of Arcelor, which met on 30 June 2006 under the Chairmanship of Mr Joseph Kinsch, has resolved to reject the proposed Severstal merger. Arcelor’s board of directors has announced that approximately 58% of the outstanding share capital of Arcelor voted against the proposed Severstal merger.
Arcelor shareholders reject SeverStal merger
The extraordinary shareholders meeting of Arcelor, which met on 30 June 2006 under the Chairmanship of Mr Joseph Kinsch, has resolved to reject the proposed SeverStal merger.
Severstal to take final call on Arcelor
Russian steel maker Severstal said on 29 June that it was examining all options in relation to Arcelor and had not made a final decision on its next step.
Severstal offers revised terms for merger proposal
Severstal has offered to revise the terms of its merger agreement announced on 26 May 2006 with Arcelor in a bid to outflank Mittal Steel's competing bid.
Arcelor merger dropped if Mittal reaches 50% stake
Mr Alexei Mordashov, Severstal's chairman and principal shareholder, said that the group will abandon its plan to merge with Arcelor if Mittal Steel manages to acquire a stake of 50% or more in the combined group.