In January-March Severstal produced 2.86 million tons of steel, down by 2% YoY.
According to the company statement, the decrease was due to the planned repairs of converters No. 2 and 3 at CherMK.
Pig iron output decreased by 1% YoY, to 2.34 million tons.
Severstal sales in Q1 dropped by 9% YoY, to 2.53 million tons.
The decline in local sales was partially compensated for by the growth in exports – from 38% to 42% in the sales structure. (Ukrainian metal)