Severstal reports Q3 2019 operational results
(WorldNews Africa)

Severstal reports Q3 2019 operational results Moscow, Russia - 11 October 2019-PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world`s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 2019. Q3 2019 GROUP HIGHLIGHTS Hot metal output increased 7% q/q in Q3 2019 to 2.46 mln tonnes (Q2 2019: 2.30 mln tonnes) followingshort-term maintenance works at BF#1, BF#4 and BF#5 in the previous quarter. Crude steel production declined 1% to 3.03 mln tonnes (Q2 2019: 3.06 mln tonnes) mainly reflecting a decline in EAF steel output following the sale of Balakovo mini-mill in July 2019. Consolidated steel product sales remained flat...