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Home News Severstal’s Foreign Assets Drag Q2 Profit

Severstal’s Foreign Assets Drag Q2 Profit

Published on 06/09/2010

Severstal, the county's largest steelmaker, said Monday that it swung to a second-quarter net profit of 192 million, missing analysts' forecasts, as it lost money on its Italian mills and its U.S. operations stayed in the red.