Severstal mulling move into foreign markets

Nov 28, 2005 | 10:14 AM |

Russia's JSC Severstal will consider a U.S. or European share offering when it completes a restructuring plan.

Severstal has no immediate intention of following Novolipetsk Iron & Steel Corp., Moscow, by launching a foreign initial public offering (IPO), but it could be part of its longer-term strategy, Andrei Laptev, head of the Cherepovets-based company's strategic planning, told delegates at the third Steel Strategies Europe Conference co-sponsored by World Steel Dynamics and AMM sister....





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