Severstal traded at 588.00 this Wednesday June 24th, decreasing 18.60 or 3.07 percent since the previous trading session. Looking back, over the last four weeks, Severstal lost 17.99 percent. Over the last 12 months, its price fell by 41.89 percent. Looking ahead, we forecast Severstal to be priced at 606.78 by the end of this quarter and at 553.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Severstal' PAO, formerly Severstal' OAO, is a Russia-based company, which is engaged in the steel industry. The Company has three divisions: Resources, Russian Steel and International. Resources division focuses on the production of iron ore and coking coal; Russian Steel division specializes in the flats, longs and steel pipes for various purposes; International division is a Company’s steel asset located in the United States. The Company is active domestically and abroad and operates through a number of branches, as well as a number of subsidiaries and affiliated companies.