Stahls GROUP Ups Sales in 1Q 2018

Stahls GROUP Ups Sales in 1Q 2018

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Stahls GROUP (part of Mechel Group, MOEX: IGST) sold nearly 113,000 tonnes of steel products in the first quarter of 2018, which is more by 25% than in the same period last year. Sales revenue went up by 28%.  

Sales of cast sections showed the best growth of 60% in the first quarter, year-on-year, closely trailed by commercial slabs whose sales went up by 45%, sales of steel sections which increased by 41% and long rolls whose sales went up by 20%.

In March 2018, the plant increased sales of its steel products by 37% year-on-year. Sales of steel sections went up by 39%, long rolls by 38% and calibrated rolls by 26%.

Positive dynamics of the plant’s output results was due to an increase in shipments to other Mechel Group facilities as part of intragroup cooperation and the expansion of the plant’s portfolio of third-party orders.

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