Russian steelmaker Severstal has announced its operational results for the second quarter and the first half of the current year. Accordingly, Severstal's crude steel production in the second quarter decreased by four percent to 2.84 million mt, while its hot metal production went down by one percent to 2.3 million mt, both quarter on quarter.
In the first half, Severstal registered a five percent year-on-year growth in crude steel production to 5.8 million mt, while the company's hot metal production increased by three percent to 4.6 million mt compared to the same period of the previous year.
In the first six months, Severstal’s consolidated steel product sales increased by two percent year on year to 5.2 million mt. In the given period, the iron ore concentrate sales volume of Severstal Resources decreased by 11 percent year on year to 2.05 million mt.