Severstal, Russia's major steelmaker, increased its exports by nearly 16% in the fourth quarter of 2017 through higher shipment volumes of billet and slab, the company said on Friday January 19.
Over October-December last year, the company exported around 1.18 million tonnes of steel products. That was almost 16% more than in July-September.Exports of semi-finished steel products rapidly increased to 217,935 tonnes in the fourth quarter. "Semi-finished product volume growth was driven by maintenance outages and increased demand...