23
Apr
14:19
Severstal's sales drop on pre-BF repair slab stocking
Russian steelmaker Severstal reported an 11% year-on-year decrease in consolidated first-quarter sales to 2.47 million tonnes due to slab stockpiling ahead of the overhaul of blast furnace No. 5, which commenced in April.
As a result, the company's pig iron production increased 2% year-on-year to 2.78mt, while steel production increased 7% to 2.9mt, Kallanish notes.
A 6% on-year increase in sales of high-value-added (HVA) products to 1.26mt was driven by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous