Severstal returned to profit in the first quarter after boosting revenue and selling U.S. assets, and said it will sell shares to reduce debt. Severstal posted net income of $531 million in the period, compared with a net loss of $785 million a year earlier, the Cherepovets-based company said Tuesday in a statement. Sales rose 36 percent to $3.73 billion. The steelmaker benefited from “strong market conditions and disposal of the underperforming […]