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Russia's Severstal Q2 net profit up 11% q/q

Friday, 19 Jul 2019 02:00am EDT 

July 19 (Reuters) - Russia's Severstal' PAO , one of the country's largest steelmakers, says::Second-quarter net profit rose 11% quarter on quarter to $475 million from $428 million;.EBITDA in the second quarter was at $753 million, up 13.6% quarter on quarter;.Revenue in the period was at $2.18 billion, up 7.2%; .The current cost of the raw materials basket is giving certain support to steel prices and limiting their downside potential; .The company expects some deceleration of steel demand in Russia in the second half of 2019.. 

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-3.2 -0.33%
20 Aug 2019