MOSCOW, July 31 (RIA Novosti) -- Russian steelmaker Severstal posted a net profit of 6.7 billion rubles ($213.8 million), calculated to Russian Accounting Standards, in the second quarter of the year compared with a net loss of 10.2 billion rubles ($325 million) in the first quarter.
It said steel production was up 0.4% quarter-on-quarter to 3.8 million tons in the reporting period.
Rolled steel output fell 1.2% on the first quarter to 2.9 million tons.
Gold production was down 2% at 3.5 tons.
Severstal produces over 16% of Russian steel and has facilities in Russia, the United States, Italy, France, Britain and Ukraine.