Severstal reports about production and sales in Q1
Edited by Rhod Mackenzie / 2016-04-13 02:04:47
In the first quarter 2016, Severstal reduced its steel production by 2% to 2.9 million tons as compared to the same period last year, the company reports. The pig iron production increased by 2% and amounted to 2.35 million tons.
Severstal reduced the consolidated sales of steel products by 7% in the previous quarter - to 2.45 million tons (in the fourth quarter 2015 - 2.62 million tons), which reflects the seasonal decline in the demand for steel on the domestic market. As compared with the first quarter of 2015, the decline was 4%.
