Italian Lucchini sees 62 percent increase in H1 crude steel output

Tuesday, 27 July 2010 17:31:14 (GMT+2)

The Russian steel producer Severstal has announced the H1 and Q2 2010 operational results of Italy-based Lucchini, in which Severstal's share has decreased to 49.2 percent following the sale of 50.8 percent to Alexey Mordashov on June 30 this year.

Severstal reported that in H1 2010 Lucchini saw an increase in its crude steel output by 62 percent to 1.36 million mt, while its hot metal production went up by 68 percent to 1.08 million mt, both compared to the same period last year.

Meanwhile, in the first half of this year, Lucchini significantly increased its sales of semi-finished steel products to 541,898 mt - up 211 percent year on year, and increased its sales of rolled long steel products to 934,385 mt - up 47 percent year on year.  

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