Severstal reports 3% rise in finished steel sales in Q1 2017

Severstal achieved a 3.19% year-on-year increase in finished steel sale volumes from its Russian assets in the first quarter of 2017, the company said on Thursday April 13.

Despite a slight decrease in crude steel output of 1.53% year-on-year to 2.86 million tonnes in the first quarter, the company’s sales of finished steel products produced at its Russian assets rose to 2.54 million tonnes in January-March this year.
This was up from 2.46 million tonnes in the corresponding period of 2016.

However, finished steel sales volumes fell by 9.06% quarter-on-quarter from a record of 2.79 million...


Viral Shah

April 13, 2017

17:20 GMT