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14 May 2014 13:26
Severstal response to media speculation
Moscow, Russia, 14 May 2014 - Remaining fully committed to maximising value creation for its shareholders, OAO Severstal (LSE: SVST; MICEX-RTS: CHMF) announces that it is considering a range of strategic options in relation to Severstal North America. Severstal confirms that no decision has yet been taken as to which, if any, such option might be pursued.
Enquiries:
Severstal Investor Relations
Vladimir Zaluzhsky
T: +7 495 926 7766
Severstal Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66
ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $13,312 million and EBITDA of $2,063 million in 2013. Severstal's crude steel production in 2013 reached 15.7 million tonnes. www.severstal.com
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