Russia's Severstal Q3 steel output up 4 pct q/q

10 October 2017

Crude steel output at Russia’s fourth-largest steel producer Severstal totalled 2.94 million tonnes in the third quarter of this year, a 4 percent rise compared to the previous three months, the company said on Tuesday.

Severstal, controlled by Russian billionaire Alexei Mordashov, also said in a statement that its third-quarter steel product sales rose 4 percent from the second quarter to 2.86 million tonnes.