In Q1 of 2013, Severstal made the net profit in the amount of $44 million
Edited by Rhod Mackenzie / 2013-05-20 02:16:32
The results of the first quarter of 2013 in comparison with the results of the fourth quarter of 2012:
The Management’s activities to decrease costs and advantages of the vertically integrated business model have been in the picture of improvement of the man financial rates against the background of complicated market conditions;
The proceeds grew by 6.6% as compared to the previous quarter to $3.322 million (in the 4th quarter of 2012 - $3.116 million) due to increase of prices of iron ore from Severstal Resource; as well as due to increase of sales in the divisions Severstal International and Severstal Russian Steel;
