Severstal saves $ 76 million due to the reduction of production costs at CherMK.

In H1 2014 Cherepovets Steel Mill has reduced the costs by more than $ 76 million, the company’s statement informs.

"The savings is almost twice the target of the business plan. This is the result of the effective work of all segments of the main production division "Severstal Russian Steel" - koceaglodome, steelmaking segment of manufacturing flat, long products and pipes, which exceeded the six-month target of reducing the costs.

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