In Q1, Severstal reduced steel production by 1%

In the first six months of 2016, Severstal reduced steel production compared with the same period last year by 1% to 5.721 million tons, the cast iron production also declined by 1% to 4.565 million tons, the company reports.

In the second quarter, the steel production, decreased by 3% in the previous quarter to 2.813 million tons, reflecting the decline in the cast iron production in combination with a short-term repair of N3 steel continuous casting machine and slabs casting machine. The output of the cast iron decreased by 6% to 2.211 million tons, which was mainly caused by a short-term repair of blast furnace N5, Severstal says.

Sales of steel products
In the first six months of 2016, the consolidated sales of steel products increased by 1% compared to the same period last year and amounted to 5.238 million tons.