Severstal keeps steel production at the level of the previous year

Russia's Severstal, one of the country's largest steelmakers, said crude steel production in 2017 was 11.65 million tonnes, unchanged year over year.

Steel production in the last three months of 2017 increased by 2 percent compared to the previous quarter to 3 million tonnes, the company said.

Consolidated steel sales decreased 2% to 2.78 million tonnes from the previous quarter.