Severstal reports Q1 2023 operational results
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes.
Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities. ...