Novostal's steel product shipments increased significantly in February

Novostal's steel product shipment volumes increased by 38.5% month-on-month and 17% year-on-year.

Deliveries to Russian consumers totaled 46.7 thousand tons (+27% compared to the previous month, -19% compared to the previous year), while deliveries for export were 54.7 thousand tons (+50% compared to the previous month, +86% compared to the previous year).

Overall, the delivery volume for January and February amounted to 174.6 thousand tons, which is 2.5% less than the same period last year. In addition, export deliveries totaled 91 thousand tons (+74% compared to last year), while deliveries to Russian consumers totaled 83.6 thousand tons (-34% compared to last year).