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.
Summary of key production, sales volumes and selling prices data
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

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