Russian steelmaker Severstal increased its export sales volumes to 48% of all sales during the first quarter of 2018, up by 6% from 42% in the fourth quarter of 2017, on higher profitability of exports, according to its latest operational results statement.
This continues the rising export trend it set in the October-December quarter of last year, it said in the report published on its corporate website on Tuesday April 10.Sales volumes for January-March this year totaled 2,864,783 tonnes, with 1,375,096 tonnes going to export sales.In the first quarter, demand for steel and raw materials remained high, Severstal said."Global steel prices were supported by winter restrictions in China and seasonal increases in Chinese...