A recent story reported here about MMK considering a merger with Severstal has been described as unlikely.

An official statement from MMK stresses that "no negotiations are ongoing or planned about a sale of the business or a merger. The presentation for investors includes a model that reflects expert opinion and is solely for reference."

it was the presentation for investors that probably confused the Vedomosti journalist who broke the story and sources close to the Russian steelmaker argue that there is unlikely to be any basis for the story that was picked up by Reuters.

Sources close to Severstal also confirmed that there were no merger plans in the pipeline.