Severstal, one of the largest steelmakers in
Russia, withdrew from a sale tender held for Galvex, the biggest Estonian producer of
galvanized steel.
However, as the company representative commented,
Severstal was still intending to raise the volumes of
galvanized steel and would examine other alternatives to do so.
In particular, the company currently examines the possibilities of increasing existing
galvanized steel
production capacities.