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UPDATE 1-Severstal to buy Canada's Sacre-Coeur Minerals
September 22, 2010
* Offer of C$1.60 per Sacre-Coeur share at 43 pct premium
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PRESS DIGEST - Financial Times - Sept 22
September 21, 2010
HSBC Chief Executive Michael Geoghegan has threatened to resign from his job if he is not promoted to the chairman's role. http://www.ft.com/cms/s/0/06a88d22-c5af-11df-ab48-00144feab49a.html
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UPDATE 1-Severstal buys Crew Gold stake for $215 mln
September 14, 2010
* Endeavour to aggressively seek acquisitions in gold sector
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Russia's Severstal sees Q3 result down vs Q2
September 06, 2010
MOSCOW, Sept 6 (Reuters) - Severstal, Russia's largest steel producer, expects its third quarter results to weaken compared to the second quarter due to lower steel prices, its chief financial officer...
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UPDATE 2-Russia Severstal Q2 net misses f'cast on foreign ops
September 06, 2010
* Severstal Q2 net $192 mln, Reuters poll forecast $319 mln
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Severstal says restructuring priority for U.S. mills
September 06, 2010
MOSCOW, Sept 6 (Reuters) - Severstal, Russia's largest steel producer, said on Monday that restructuring is the highest priority for its loss-making U.S. assets.
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Russia's Severstal US mills up for sale -report
August 12, 2010
MOSCOW, Aug 12 (Reuters) - Severstal , Russia's largest steelmaker, has put some of its loss-making U.S. mills for sale, several sources told American Metal Market in an article posted on its website.
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UPDATE 1-Severstal gains majority stake in Crew Gold
July 27, 2010
* Severstal purchased 209.4 mln more shares at C$0.3509/shr
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PREVIEW-European steel facing H2 dip after healthy Q2
July 23, 2010
* Salzgitter Aug. 12, ThyssenKrupp Aug. 13, Severstal Sep. 7 * Sector profits seen strong on auto demand, high prices
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Tangible Results Support Growing Optimism for Increased Steel Industry Project Spending in 2010
March 04, 2010
SUGAR LAND--March 4, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The North American steel industry appears to be rebounding from low demand, which caused capacity utilization to...
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POSCO Starts Operation of World's Most Productive Steel Furnace
August 06, 2009
BANGALORE, INDIA--August 6, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--South Korea's steel manufacturer POSCO (NYSE:PKX) (Pohang-Si, South Korea) completed the upgrade project...
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ArcelorMittal's Siberian Coal Assets Under Threat of Government Confiscation
July 16, 2009
BANGALORE, INDIA--July 16, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--In a communication to ArcelorMittal (NYSE:MT) (Luxembourg), the governor of Kemerovo, Siberia, has...
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Severstal Defers $8 Billion Steel Investment Program
December 01, 2008
BANGALORE, INDIA--December 1, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--As the global economic crisis continues to check industrial progress worldwide, industry majors in the...
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Large and Small Steel Mills Take a Thump as Layoffs Mount
November 05, 2008
SUGAR LAND--November 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Reports are rolling in from across the nation as plant after plant lays off employees to help weather an...
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Russia's Severstal Plans $6 Billion Investment in Asia
October 15, 2008
BANGALORE, INDIA--October 15, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--At a time when the global steel industry is witnessing a slowdown in the face of the current economic...
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IIR Industry News Alerts
Essar Steel to Build North America's First Mine-Mouth Steel Plant in Minnesota
September 29, 2008
BANGALORE, INDIA--September 29, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Essar Steel Limited (BSE:500627) (Mumbai) will invest $1.65 billion to set up a 2.5...
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Plans for Major Steel Mill Projects Piling Up in 2008
June 06, 2008
SUGAR LAND--June 6, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--North America remains a hotbed for steel mill project development in 2008. A November 2007 study showed $11...
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IIR Industry News Alerts
SeverStal Group Expands U.S. Holdings with Multimillion-Dollar Investments
June 05, 2008
SUGAR LAND--June 5, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The $1 billion grassroot steel mill built by SeverCorr LLC, a subsidiary of SeverStal Group (MCX:CHMF) (Moscow,...
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