Severstal boosts crude steel output 5%

Russia’s top steelmaker Severstal (CHMF.MM: Quote) said on Thursday its crude steel output rose to 3.65 million tonnes in the first quarter 2011, up 5 percent from the same period last year.

However, production was down 5 percent compared with the last quarter 2010, when output reached 3.84 million tonnes.

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