Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.148 million mt in the second quarter.
In the second quarter of the current year, Severstal's Russian Steel division reported a 12 percent increase in steel product sales, with Severstal North America posting a six percent rise, both compared to the previous quarter. During the second quarter, the mining division of the company, Severstal Resources, saw its iron ore sales volume decrease by two percent quarter on quarter to 3.751 million mt.
As regards consolidated sales (net of intercompany sales), Severstal stated that in the second quarter its coal sales decreased by nine percent to 861,805 mt, its iron ore sales decreased by 10 percent to 1.373 million mt, and its rolled steel product sales increased by seven percent to 3.332 million mt, all compared to the previous quarter.
