Earnings Report /
Russia

Severstal: 3Q21 IFRS review – EBITDA broadly in line; Positive

  • Severstal reported its 3Q21 operational and financial results which came broadly in line with the consensus

  • Crude steel output grew 4% q/q to 2.88 mn t due to completion of scheduled BF repairs

  • Steel sales were up by 1% q/q to 2.69 mn t supported by sales of pig iron and slabs

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
18 October 2021
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