In January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ.
Pig iron output remained almost the same – on the level of 2.35 million tons.
Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet demand increase.
The company continued increasing exports – to 48% from 42% in Q4 2017. High added valued products sales remained at the level of 45%, down by 2% due to season factor.
Iron ore pellets sales dropped by 28% QoQ, to 2.38 million tons, while of iron ore concentrate increased by 14%, to 1.29 million tons, even despite the seasonal decrease of Olkon output.
This year Severstal intends to increase pellets output by 40 thousand tons, coking coal concentrate – by 370 thousand tons, steel – by 475 thousand tons and polymer-coated metal – by 200 thousand tons. (Ukrainian metal)