Russian steelmaker Severstal has announced its operational results for the first quarter this year.
Accordingly, in the first quarter, the company’s crude steel output totaled 2.7 million mt, down by 0.7 percent quarter on quarter, and down by 7.5 percent year on year, while its pig iron production in the given period totaled 2.72 million mt, down by 4.2 percent compared to the fourth quarter last year, due to the planned repairs on blast furnace No.3, No.4 and No.5, and decreasing by 5.5 percent year on year.
In the January-March period, Severstal’s steel sales totaled 2.76 million mt, decreasing by one percent quarter on quarter, and up by 1.4 percent year on year, while the company’s sales of semi-finished products increased by 4.5 percent quarter on quarter to 300,000 mt, due to strong pig iron sales, and down by 35.3 percent year on year.
