PAO Severstal: Severstal makes changes to its geography of sales (1292517)
02 Março 2022 - 10:00AM
UK Regulatory
PAO Severstal (SVST) PAO Severstal: Severstal makes changes to
its geography of sales 02-March-2022 / 16:00 MSK Dissemination of a
Regulatory Announcement that contains inside information according
to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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Severstal makes changes to its geography of sales
PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that in response
to some media publications this morning, Severstal states that it
is experiencing some difficulties in relations with its EU clients,
and as a result is redirecting volumes to other markets. As
Severstal is one of the lowest cost producers in the world, we are
confident that this will help to maintain our capacity utilization.
The Company's financial position remains strong and its debt level
is low.
For further information, please contact:
Severstal Investor Relations
Vladimir Zaluzhsky, Nikita Klimantov
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com; na.klimantov@severstal.com
Severstal Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
***
P?? Severstal is one of the world's most efficient metals and
mining companies, working with customers and partners to create new
products and integrated solutions from steel. The company's assets
are located in Russia, Latvia and Poland. Severstal is listed on
MOEX and the company's GDRs are traded on the LSE. Severstal
reported revenue of USD11.6 million and EBITDA of USD6 bln in 2021.
Severstal's crude steel production in 2021 reached 11.6 million
tonnes.
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ISIN: US8181503025
Category Code: MSCM
TIDM: SVST
LEI Code: 213800OKDPTV6K4ONO53
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 146385
EQS News ID: 1292517
End of Announcement EQS News Service
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March 02, 2022 08:00 ET (13:00 GMT)
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