Severstal’s Q1 steel output grows 6% YOY supported by improved pricing

摘要

Russian steelmaker PAO Severstal booked a year-over-year increase in crudernsteel production to 3 million tonnes in the first quarter, the company reportedrnApril 10.rnHot metal production remained flat at 2.3 million tonnes.rnThe company said global steel prices were supported by winter restrictions inrnChina coupled with a seasonal increase in demand in March. This contributedrnto an uptick in total steel sales in the first quarter to 2.9 million tonnes, up fromrn2.5 million tonnes in 2017.