Russia: Severstal output to drop in 2017
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…
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