Severstal Distribution was able to increase sales on its traditional markets, having avoided a fall after it ceased operating in Ukraine.
“Because of economical risks we were forced to leave Ukrainian market. But these volumes have been compensated for by the growth of sales in the European part of Russia, as well as Central, Northern and Eastern European countries”, the company director Timur Yudichev said.
In Q1 Severstal Distribution increased sales by 18% YoY, to 620 thousand tons.
Russia saw the largest growth of 26%, to 250 thousand tons. (Ukrainian metal)