Author: Lalita
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Russia: Severstal’s crude steel output drops 6% in Q2 CY’21
Russian steelmaker Severstal has released its Q2 CY’21 results today. Highlights: Crude steel production dropped by 6% q-o-q to 2.78 mn t due to a decrease in hot metal output and scheduled maintenance in its BOF shop. Steel sales were recorded at 2.68 mn t, up slightly by 2% q-o-q mainly due to strong sales…