Severstal's IFRS net profit for 3 months of 2024 amounted to ₽47.42 billion, up 12.9% from ₽42 billion in the previous year. Revenue increased 19.7% to ₽188.71 billion vs. ₽157.62 billion a year earlier.

Severstal for 3 months of 2024 produced 2.901 million tons of steel, up 7% from 2.701 million tons a year earlier. Pig iron production increased by 2% to 2.776 million tons. Sales of steel products fell 11% to 2.474 million tons. Share of high value-added products increased by 8 p.p. to 51%.

Board of Directors of Severstal recommended that dividends be paid for 3 months 2024 in the amount of ₽38.3 per ordinary share. The last day of the purchase of securities to receive dividends is June 17, 2024. Dividend yield may amount to 2.04%.

Severstal's Cherepovets Steel Mill set a record for continuous casting of billets in March 2024 - 179 hours. During this period, 25.5 thousand tons of rebar were cast. Plant achieved such results for the first time after starting to work as part of the current electric steel production chain. Today, electric steel output accounts for 10% of the total liquid...