In July-September Severstal plans to keep output volumes on the level of Q3 2015, at 2.89 million tons.
“Taking into account the seasons, output volumes will be stable, on the last year levels”, said the company chairman Alexei Mordashov.
In Q2 Severstal decreased steel smelting by 3% QoQ, to 2.81 million tons. In January-June output dropped by 1% YoY, to 5.7 million tons.
The company hopes in autumn steel prices will stabilize, and the local consumption will start growing in 2017. (Ukrainian metal)
