The high level of world prices allowed Severstal to demonstrate flexibility of distribution channels and increase exports in Q1.
“We expect the increase of steel demand in 2018. In 2017 the demand grew by some 5% in Russia, and this year it could grow by 2.6% more, following the GDP increase and the restoration of the Russian economy”, Severstal Management CEO Alexander Shevelev said.
The share of high added value goods in sales was 45%, while exports increased by 48%.
Severstal board of directors recommends paying dividends for Q1 at 38.32 rubles per ordinary share. (Ukrainian metal)
