Russia’s Severstal said the company’s steel supply for the construction industry soared by 14% to 3.36 million tons in 2013.
The Russian steel giant posted its net profit slumped by around 90% to US$83 million in 2013. The company said the main reason is due to the performance on foreign exchange losses of US$350 million and asset impairments of US$356 million.
Severstal is expecting the global demand to increase as the economic outlook in the US and Europe is expected to improve further this year.
金属展-冶金展-2014广州金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 15th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
