Russia's Severstal to boost domestic steel sales

Newswire

MOSCOW, March 29 (Reuters) - Russian steel major Severstal aims to increase supply of rolled products to the domestic market by investing more than $3 billion by 2012 in boosting production, a company executive said on Wednesday. Severstal would supply at least 65 percent of its rolled product output to the Russian market by 2012, compared with 55 percent of output currently, said Alexei Venediktov, head of the company's sales projects division. "The increase is linked to the growth of ...

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