Severstal sold the St. Petersburg stevedoring company Neva-Metal to a private investor. This was reported on September 15 in the press service of the metallurgical company. The solution is related to the change in logistics flows.
“At the same time, the existing contractual obligations between the companies will continue to be fulfilled in the prescribed manner. Nikita Zhachko, who previously worked as the production director of the enterprise, has been appointed General Director of NEVA-METALL,” Severstal said in a statement.
Earlier, Asia times now wrote that the sanctions had a different effect on the largest Russian metallurgical companies. For 5 months of this year, NLMK increased sea exports of ferrous metals from 1.5 to 1.8 million tons – by 19%. Severstal, on the contrary, lost turnover from 1.3 million tons in the first 5 months of last year to 0.6 million tons in 5 months of this year – by 51%.
Experts attribute this to the fact that Severstal, after falling under sanctions, stopped shipments to Europe. During the SPIEF, Alexey Mordashov stated that because of this, his company reduced production by 25–30%, sending some of the employees idle. NLMK, on the contrary, managed to sharply increase the volume of deliveries – to Belgium, where Vladimir Lisin’s company has several of its plants.
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