Earnings Report /
Russia

Severstal: 4Q20 operational results – Sales decline due to high base effect of 3Q; Neutral

  • Severstal (SVST: LI; O/W) opened the reporting season for the steel sector with its operational results

  • The company increased the stock of finished goods at the end of the year, which also affected sales volumes

  • Severstal had seen material 8% q/q pick-up in weighted average selling price to $551/t

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
21 January 2021
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