DJ PAO Severstal: Severstal makes changes to its geography of sales
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
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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 =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1292517&application_name=news
(END) Dow Jones Newswires
March 02, 2022 08:00 ET (13:00 GMT)
