11
Feb
12:24
Severstal's Middle Eastern sales decline further
Severstal’s revenue generated in the Middle East more than halved on-year in 2019 to $141 million, Kallanish learns from the Russian firm. This was also down from $589m in 2017. The region took a 2% share in overall sales versus 3% in 2018 and 5% in 2017.
Africa, meanwhile, provided $128m of revenue in 2019, down -9% on-year, and -16% lower than in 2017.
This compares with a -4.9% decline in consolidated revenue in 2019 to $8.16 billion, driven by a -1…
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Anonymous
Very good overview of the weekly steel market.
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