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Severstal plans to increase its production in 2023

Severstal plans to increase production by 7.5% in 2023 and take a leading position in the Russian market.

Severstal plans to increase its production in 2023

The forecast for the growth potential of Severstal shares is more than 40% over the horizon of one year.

It’s expected to see increase in production to 11.5 million tons of steel. Severstal’s main market will be the domestic market. The plan is to take a leading position in the domestic market, and increase sales in the foreign market. 

Severstal’s investment program for 2023 will amount to $1.1 billion, and the most ambitious projects will be the reconstruction of two blast furnaces (No. 4 and No. 5), and the completion of mill 170, which will allow to reach a new level of providing hardware enterprises with wire rod.

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