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izhstal-cls (IGST) Snapshot

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izhstal-cls (IGST) Details

Izhstal OAO manufactures and sells steel and stainless long products primarily to the aircraft, defense, automotive, agricultural, power, oil and gas, and construction industries in the Russian Federation. It offers hot-rolled round and hexagon steel bars from stainless and alloy steel; and hot-rolled round bars, as well as provides square and hexagon bars. The company offers its products for use in machine-building, making bearings, rigs, cutting instruments operating at high temperatures and cutting speeds, springs, pipes, medical equipment, consumer goods, etc. Izhstal OAO exports its products to North America, Europe, and the CIS countries. The company is based in Izhevsk, the Russian Federation.

izhstal-cls (IGST) Top Compensated Officers

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izhstal-cls (IGST) Key Developments

Izhstal OAO, Board Meeting, Jun 10, 2015

Izhstal OAO, Board Meeting, Jun 10, 2015. Agenda: To consider approval of an additional agreement to a contract with the management organization; to consider determination of price of property or services to be alienated or acquired under interested-party deals; and to consider approval of interested-party deals.

Izhstal OAO Reports Earnings Results for the First Quarter of 2015

Izhstal OAO reported earnings results for the first quarter of 2015. For the period, the company reported net loss decreased by 13.82% to RUB 466.718 million from RUB 541.58 million the year before. Revenue decreased by 9.18% to RUB 2.028 billion from RUB 2.233 billion, sales loss by 40.87% to RUB 186.386 million from RUB 315.238 million, loss before tax by 22.03% to RUB 522.07 million from RUB 669.538 million.

Izhstal OAO Approves Interested-Party Deals

On April 23, 2015, the Board of Directors of Izhstal OAO approved interested-party deals. Details of the deals were not disclosed.


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