18
Feb
14:26
Severstal expects price stabilisation after record 2021 earnings
Solid financial results and higher sales pushed Severstal's consolidated full-year 2021 revenue up by 69% on-year to $11.64 billion. Fourth-quarter revenue alone increased 2% on-quarter to $3.3 billion, the company says in a statement sent to Kallanish.
Net profit in 2021 also increased significantly, by 301% on-year to $4.08 billion. But Q4 net profit fell 21% on-quarter to $978 million. Profitability consequently increased by 16 percentage points i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous