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RPT-Severstal announces steel output cuts in October
October 10, 2008 / 6:34 AM / 9 years ago

RPT-Severstal announces steel output cuts in October

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MOSCOW, Oct 10 (Reuters) - Russian steelmaker Severstal (CHMF.MM) said on Friday it will cut output at its steel plants in October as a result of slower demand for steel products due to recent changes in global economic conditions.

The company said in a statement that it will cut crude steel output at its Cherepovets plant in Russia by approximately 25 percent, and by some 30 percent at its U.S. and Italian plants. (Reporting by Aleksandras Budrys)

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