In January – September, Severstal reduced steel production by 29% to 8.41 million tons
Edited by Rhod Mackenzie / 2014-10-15 05:08:57
Coking Coal Metals and mining Oil and Gas Russia Severstal Power of Siberia (Sila Sibiri) Russia Metals and Mining Coal Gas Steel Pipelines
In January – September, Severstal reduced steel production by 29% to 8.41 million tons compared to 11.9 million tons within the corresponding period of the previous year, concerning the sales of the American assets.
In connection with the closure of the transaction, and in full accordance with ISA standards, Severstal fully stops reflecting of the operational results of Severstal North America, and makes the amendments to the consolidated operational results of the group for the former periods.
The company increased steel smelting by 3% not taking into account production at the American plants of Severstal Columbus and Severstal Dearborn. The company closed the transaction on their sale for $2.3 billion in the middle of September 2014.
