22
Jul
15:20
Severstal reports higher Q2 sales despite lower production
Russian steelmaker Severstal reported increased sales of steel products in the second quarter, despite reduced production.
The company accumulated stock of semi-finished steel in advance, to use in continuing output during production unit repairs, Kallanish notes.
Despite the decline in pig iron production by 28% quarter-on-quarter to 2 million tonnes and steel production by 20% to 2.32mt due to blast furnace No.5 repairs, Q2 steel sales increased 8% on-quarter t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous