In 2017 Severstal plans to decrease steel smelting due to the overhauling campaign at its main asset – the Cherepovets Iron and Steel Works.
“But the negative effect will be limited. Perhaps, it will reach 1-2% YoY”, Severstal financial director Alexei Kulichenko said.
Sales will remain on 2016 levels.
In January-September Severstal received $1.3 billion of net profit. (Ukrainian metal)