Severstal Reports Q3 and 9M 2013 Operational Results
10/25/2013 - OAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announced its operational results for the third quarter of 2013 and first nine months of 2013.
Q3 2013 Group highlights
- Crude steel production was in line with the previous quarter at 4.0 million tonnes (Q2 2013: 4.0 million tonnes)
- Crude steel production at the Russian Steel Division increased by 2% q/q reaching 2.8 million tonnes
- Consolidated sales of steel products decreased by 4% q/q against a backdrop of slightly weaker domestic and export markets
- The share of high value-added products in the sales portfolio increased by 1 bpts to 46%
- Steel assets ran at near to full capacity in Q3
| Production, tonnes | Q3 2013 | Q2 2013 | % Change | 9M 2013 | 9M 2012 | % Change |
| Crude steel (Total output) | 4,044,113 | 4,031,970 | 0% | 11,911,100 | 11,555,972 | 3% |
| Russian Steel | 2,797,670 | 2,747,533 | 2% | 8,203,352 | 8,010,674 | 2% |
| Severstal North America | 1,246,443 | 1,284,437 | -3% | 3,707,748 | 3,545,298 | 5% |
| Hot metal (Total output) | 2,712,035 | 2,693,714 | 1% | 8,037,046 | 7,784,746 | 3% |
| Russian Steel | 2,251,251 | 2,183,345 | 3% | 6,577,004 | 6,334,000 | 4% |
| North America | 460,784 | 510,369 | -10% | 1,460,042 | 1,450,746 | 1% |
| Sales volumes, tonnes | Q3 2013 | Q2 2013 | % Change | 9M 2013 | 9M 2012 | % Change |
| Coking coal concentrate | 1,825,021 | 1,787,747 | 2% | 5,439,688 | 5,539,586 | -2% |
| Iron ore pellets | 2,511,275 | 2,678,099 | -6% | 7,649,659 | 7,813,149 | -2% |
| Iron ore concentrate | 1,235,415 | 1,219,871 | 1% | 3,508,320 | 3,618,132 | -3% |
| Total steel products (consolidated) | 3,742,413 | 3,882,296 | -4% | 11,307,124 | 11,334,381 | 0% |
| Total steel products (Russian Steel) | 2,581,162 | 2,749,078 | -6% | 7,968,141 | 7,945,438 | 0% |
| Total steel products (SNA) | 1,198,915 | 1,170,085 | 2% | 3,481,716 | 3,497,436 | 0% |
| Average price, $/tonne | Q3 2013 | Q2 2013 | % Change | 9M 2013 | 9M 2012 | % Change |
| Coking coal concentrate, Vorkutaugol | 101 | 113 | -11% | 110 | 142 | -22% |
| Iron ore pellets, Karelsky Okatysh | 93 | 112 | -17% | 105 | 114 | -8% |
| Hot rolled coil and plate (RSD) | 536 | 560 | -4% | 555 | 622 | -11% |
| Rolled products (SNA) | 800 | 787 | 2% | 798 | 851 | -6% |
