15.04.2014
Moscow, Russia - April 15, 2014 - OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q1 2014.
Q1 2014 Group highlights- Production of crude steel increased 4% q/q driven by production growth at the Russian Steel Division ("RSD").
- Steel product sales at RSD were down by 8% against increased sales in Q4 2013, although export sales advanced moderately in Q1 2014. Steel product sales at Severstal North America ("SNA") also increased by 1% q/q.
- The pricing environment was challenging; coking coal concentrate at Vorkuta and high value added ("HVA") products at RSD were impacted the most, while SNA saw a favorable 1% q/q increase in prices for rolled products.
Production, tonnes | Q1 2014 | Q4 2013 | Change | Q1 2014 | Q1 2013 | Change | |||||||
Crude steel (Total output): | 3 932 664 | 3 780 391 | 4 % | 3 932 664 | 3 835 016 | 3 % | |||||||
Russian Steel (RSD) | 2 713 759 | 2 508 594 | 8 % | 2 713 759 | 2 658 148 | 2 % | |||||||
Severstal North America (SNA) | 1 218 904 | 1 271 797 | (4) % | 1 218 904 | 1 176 868 | 4 % | |||||||
Hot metal (total output): | 2 697 370 | 2 681 536 | 1 % | 2 697 370 | 2 631 297 | 3 % | |||||||
Russian Steel | 2 246 364 | 2 182 400 | 3 % | 2 246 364 | 2 142 408 | 5 % | |||||||
North America | 451 006 | 499 136 | (10) % | 451 006 | 488 889 | (8) % |
Sales volumes, tonnes | Q1 2014 | Q4 2013 | Change | Q1 2014 | Q1 2013 | Change | |||||||
Coking coal concentrate | 1 391 490 | 1 721 259 | (19) % | 1 391 490 | 1 826 920 | (24) % | |||||||
Iron ore pellets | 2 582 560 | 2 805 851 | (8) % | 2 582 560 | 2 460 285 | 5 % | |||||||
Iron ore concentrate | 1 099 297 | 1 109 515 | (1) % | 1 099 297 | 1 053 035 | 4 % | |||||||
Total steel products (Consolidated) | 3 588 180 | 3 833 134 | (6) % | 3 588 180 | 3 682 416 | (3) % | |||||||
Total steel products (Russian Steel) | 2 453 932 | 2 674 258 | (8) % | 2 453 932 | 2 637 901 | (7) % | |||||||
Total steel products (SNA) | 1 182 755 | 1 172 137 | 1 % | 1 182 755 | 1 112 716 | 6 % |
Average price, $/tonne | Q1 2014 | Q4 2013 | Change, % | Q1 2014 | Q1 2013 | Change, % | |||||||
Coking coal concentrate, Vorkutaugol | 96 | 102 | (6) % | 96 | 117 | (18) % | |||||||
Iron ore pellets, Karelsky Okatysh | 107 | 108 | (1) % | 107 | 110 | (3) % | |||||||
Hot-rolled coil and plate (RSD) | 469 | 495 | (5) % | 469 | 534 | (12) % | |||||||
Rolled products (SNA) | 835 | 829 | 1 % | 835 | 808 | 3 % |
High value added steel products, % | Q1 2014 | Q4 2013 | Change, % | Q1 2014 | Q1 2013 | Change, % | |||||||
Severstal (Consolidated) | 47% | 48% | (1) ppts | 47% | 46% | 1 ppts | |||||||
Severstal Russian Steel | 47% | 48% | (1) ppts | 47% | 45% | 2 ppts | |||||||
Severstal North America | 46% | 48% | (2) ppts | 46% | 46% | 0 ppts |
Please find the full version of the operational results following this link
distributed by |