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Severstal Distribution Increased Sales by 8% in First Half of 2020

Steel News - Published on Tue, 11 Aug 2020

Image Source: Severstal Distribution
The Severstal Distribution group of companies in the first half of 2020 increased sales by 8% compared to the same period last year, to 1.3 million tonnes. In the second quarter of this year, in all markets where the distribution network was present, there was a decline in consumption against the background of restrictive measures to counter the spread of coronavirus infection. Severstal Distribution is a part of the continuous production chain of PJSC Severstal: all branches and service centers of Severstal Distribution in Russia and Europe in January-June 2020 processed and shipped metal products in a regular mode, subject to additional safety measures. This allowed the distribution network enterprises to maintain the level of sales, as well as to promptly respond to its recovery in May-June. Severstal Distribution's sales in Russia in January-June 2020 increased to 580 thousand tons, which is 4% more than in the first half of last year.

SIA Severtal Distribution sales to European countries in the first six months of 2020 amounted to 740 thousand tons, which is 13% more than a year earlier. Imports of rolled metal products from Russia to the countries of the European Union are limited by volume quotas, and the supply of products to the domestic market of Russia is often more cost-effective for Severstal, therefore the European division of the distribution network focuses on sales of metal products with increased added value: products processed in service metal centers, products with polymer and zinc coatings, as well as fittings with a comprehensive certificate of conformity, which includes several national quality standards of the Nordic countries.

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Posted By : Yogender Pancholi on Tue, 11 Aug 2020
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