Construction rehab stimulates Severstal’s performance

Russian flagship metals group Severstal has seen a boost in 3Q net profit, up 17% year-on-year to $429 million thanks to robust demand and high prices. ¬≠The results were slightly better than analytical forecasts with 9 months profits spring up to $1,550 billion from net loss of $225 million a year earlier. Alexey Mordashov,CEO of […]