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06 Nov
13:10

Russian, European demand lifts Severstal Distribution sales

Severstal Distribution increased sales 11% on-year in the first nine months of the year to 2.2 million tonnes, Kallanish notes. Sales in Russia increased 9% to 1mt, while shipments to Europe were flat at 1.1mt. “The periods of seasonal shortages characteristic of the rolled metal market this year have been exacerbated by sharp fluctuations in supply and demand due to the impact of the Covid-19 pandemic,” says Severstal Distribution head Timur Yudichev…
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