Severstal's crude steel output up four percent in Q1 from Q4

Tuesday, 16 April 2019 11:34:32 (GMT+3)   |   Istanbul

Russian steelmaker Severstal has announced its operational results for the first quarter of the current year. Accordingly, Severstal's crude steel production in the first quarter increased by four percent to 3.04 million mt compared to the previous quarter.

In the first quarter, Severstal's total consolidated steel product sales rose by three percent quarter on quarter to 2.83 million mt, following short-term maintenance works at its rolling-mill facilities in the previous quarter. The share of domestic sales declined to 65 percent.

In the same quarter, Severstal's Russian Steel division’s steel product sales increased by three percent to 2.84 million mt compared with the previous quarter. Semi-finished product sales decreased by 23 percent quarter on quarter to 121,000 mt. Severstal increased production of color-coated and galvanized products following the launch of new product lines, which reached full utilization rates in the first quarter this year.

In the first quarter this year, Severstal's iron ore pellet sales fell by four percent to 2.83 million mt, while its iron ore concentrate sales volumes declined by nine percent to 1.3 million mt, both on quarter-on-quarter basis. Total coal sales volumes of the company decreased by one percent from the previous quarter to 1.4 million mt.

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