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Russia steelmaker Severstal has announced its financial results for the year 2015, the company’s crude steel production 2.75 million tons in the 4th quarter of 2015, down by 5% month on month

Due to long products seasonal demand declined in 4th quarter, the company’s sales of 2.63 million tons of steel products, down by 13% year on year.

In 2015 Severstal’s crude steel output was 11.45 million tons, an increase of 1% year on year.

• [Editor:Chen Zhen Seng]