16
Jul
15:31
Severstal's financials skyrocket despite modest sales rise
Despite a small hot metal and crude steel output decrease in the second quarter, Russian steelmaker and miner Severstal's sales volumes notched up, while six-months output and sales increased considerably. The ongoing strong demand and high prices during the periods continued to boost revenue and profit, Kallanish learns from the company.
As a result of higher prices and higher sales volumes, Q2 revenue shot up 32.8% on-quarter to $2.95 billion, whi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous