30
Aug
16:25
Severstal's H1 net profit declines 11%
Russian steelmaker Severstal has posted a 11% year-on-year drop in the net profit for the first half of this year, as revenue fell 10% due to lower average selling prices, according to the company financial results.
The company reports a 10% decrease in revenue, totalling RUB 339,429 million ($3,531m), primarily attributed to lower average selling prices, although it was partially offset by increased sales volume and a higher share of finished products in the sale…
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Anonymous
Very good overview of the weekly steel market.
Anonymous