It is reported that Russian's steel giant Severstal has seen a more challenge in the fourth quarter of 2012, citing the stable raw material cost and weakening market prices for steel products.
For the second quarter, the company reported a 112-percent net profit growth to US$329 million, beating market forecasts of US$232 million in a Reuters poll.
It sees positive trends for its U.S. division Severstal International, as most market segments remain healthy led by demand from automotive, pipe and tube industry in the United States.