Severstal's Q1 EBITDA Drops 54%, Beats Forecast Slightly

Severstal, a major Russian steel producer, reported a 54% decline in its EBITDA for the first quarter of 2026, which was slightly better than market expectations. The company's net profit fell dramatically, by 370 times compared to the same period last year. This sharp decrease reflects ongoing challenges in the steel industry and affects investors and the Russian industrial sector.