Italy’s Lucchini sees 40 percent increase in crude steel output in 2010

The Russian steel producer Severstal has announced the 2010 operational results of Italy-based steelmaker Lucchini, in which Severstal's share has decreased to 49.2 percent following the sale of 50.8 percent to Russian businessman Alexey Mordashov on June 30, 2010.
 
According to Severstal, in 2010 Lucchini saw its crude steel output increase by 40 percent to 2.451 million mt, while its hot metal production went up by 34 percent to 1.896 million mt, both compared to 2009.
 
Meanwhile, in 2010, Lucchini increased its sales of semi-finished steel products to 889,731 mt - up 39 percent year on year, and increased its sales of rolled long steel products to 1.761 million mt - up 40 percent year on year. In addition, in 2010 Lucchini also sold 54,499 mt of downstream products (metalware), registering an increase of 30 percent compared to 2009.