Severstal increased production in Q2 2014
Severstal one of the world’s leading steel and steel-related mining companies, today announces its operational results for Q2 2014 and H1 2014.
Q2 2014 Group highlights
° Crude steel production increased 5% q/q driven by production growth both at the Russian Steel Division (RSD) and Severstal North America (SNA).
° Consolidated sales of steel products increased 10% due to seasonal growth in the Russian steel market, strong export markets for RSD and sustainable demand growth in the US (for SNA).
° The q/q pricing environment was favourable for RSD with almost all rolled products demonstrating price increases in Q2 2014; sales prices at SNA were flat overall; while prices for coking coal concentrate and iron ore prices saw a further decline in line with market trends.
Summary of key production, sales volumes and selling prices data
Summary of key production, sales volumes and selling prices data
| Production, tonnes | Q2 2014 | Q1 2014 | Change | H1 2014 | H1 2013 | Change |
|---|---|---|---|---|---|---|
| Crude steel (Total output): | 4 148 112 | 3 932 664 | 5 % | 8 080 776 | 7 866 987 | 3 % |
| Russian Steel (RSD) | 2 834 277 | 2 713 759 | 4 % | 5 548 036 | 5 405 682 | 3 % |
| Severstal North America (SNA) | 1 313 836 | 1 218 904 | 8 % | 2 532 740 | 2 461 305 | 3 % |
| Hot metal (total output): | 2 695 865 | 2 697 370 | (0) % | 5 393 235 | 5 325 011 | 1 % |
| Russian Steel | 2 226 364 | 2 246 364 | (1) % | 4 472 728 | 4 325 753 |
3 % |
| North America | 469 501 | 451 006 | 4 % | 920 507 | 999 258 |
(8) % |
|
Sales volumes, tonnes |
Q2 2014 |
Q1 2014 |
Change |
H1 2014 |
H1 2013 |
Change |
|---|---|---|---|---|---|---|
|
Coking coal concentrate |
1 220 431 |
1 391 490 | (12) % | 2 611 921 | 3 614 667 | (28) % |
|
Iron ore pellets |
2 539 568 |
2 582 560 | (2) % | 5 122 128 | 5 138 384 | (0) % |
|
Iron ore concentrate |
1 211 144 |
1 099 297 | 10 % | 2 310 441 | 2 272 905 | 2 % |
|
Total steel products (Consolidated) |
3 950 818 |
3 588 180 | 10 % | 7 538 998 | 7 564 712 | (0) % |
|
Total steel products (Russian Steel) |
2 739 100 |
2 453 932 | 12 % | 5 193 032 | 5 386 979 | (4) % |
|
Total steel products (SNA) |
1 252 361 |
1 182 755 | 6 % | 2 435 116 | 2 282 801 | 7 % |
|
Average price, $/tonne |
Q2 2014 |
Q1 2014 |
Change |
H1 2014
|
H1 2013 |
Change |
|---|---|---|---|---|---|---|
|
Coking coal concentrate, Vorkutaugol |
93 |
96 |
(3) % |
95 |
115 |
(18) % |
|
Iron ore pellets, Karelsky Okatysh |
89 |
107 |
(17) % |
98 |
111 |
(12) % |
|
Hot-rolled coil and plate (RSD) |
501 |
469 |
7 % |
485 |
535 |
(9) % |
|
Rolled products (SNA) |
827 |
835 |
(1) % |
831 |
798 |
4 % |
| High value added steel products, % |
Q2 2014 |
Q1 2014 |
Change |
H1 2014 |
H1 2013 |
Change |
|---|---|---|---|---|---|---|
| Severstal (Consolidated) | 46% | 47% | (1) ppts | 47% | 46% | (1) ppts |
| Severstal Russian Steel | 47% | 47% | 0 ppts | 47% | 45% | (2) ppts |
| Severstal North America | 44% | 46% | (2) ppts | 45% | 45% | 0 ppts |
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