Russia's second-largest steel producer attributed the rise to higher sales.
Severstal accounts for over 16% of Russia's aggregate steel output. It has production facilities in Russia, the United States, Italy, France, the U.K. and Ukraine. Its 2006 sales grossed 17.6 million metric tons.
Severstal expanded steel output 2.3%, year-on-year, in 2006, to 11 million metric tons.