17
Mar
16:35
Severstal looks for ‘frozen’ Latvian asset solutions
The freezing due to sanctions of Severstal's Latvia-based SIA Severstal Distribution assets has already had an impact on employees and the regional market.
Severstal is seeking to keep the Latvian unit running and pay the salaries of almost 200 employees, but EU sanctions imposed on the company's majority owner Alexey Mordashov are making the process difficult.
“As a ‘frozen’ asset, Severstal Distribution sadly can only sustain itself fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous