Severstal smelts 5% more steel in Q2
MOSCOW. July 23 (Interfax) - Russian steel major OJSC Severstal produced four million tonnes of steel in the second quarter of 2013, a 5% year-on-year increase, the company reported.
Severstal produced 7.8 million tonnes of steel in the first quarter of this year, a 1% increase.
The Russian Steel division increased steel production 3% to 2.7 million tonnes, and the North America division 9% to 1.2 million tonnes.
"Consolidated sales of steel products increased 5% despite the challenging economic environment. The share of high value-added products in the sales portfolio remained high at 45%," the company said.
Quarter-on-quarter "prices for key steel products at RSD [Russian Steel Division] were broadly flat or slightly decreased; prices for SNA's [Severstal North America] rolled products decreased by 3%. Prices for coking coal concentrate mirrored market trends and decreased by 3% at Vorkutaugol, while prices for iron ore pellets increased by 1% despite the challenging pricing environment for key iron ore products," the company said.
Severstal Q1 and H1 2013 highlights:
| Production, tonnes | Q2 2013 | Q1 2013 | % | H1 2013 | H1 2012 | % |
| Russian Steel (RSD) | 4 031 970 | 3 835 016 | 5% | 7 866 987 | 7 793 000 | 1% |
| Severstal North America (SNA) | 2 747 533 | 2 658 148 | 3% | 5 405 682 | 5 357 861 | 1% |
| Hot metal (total output): | 1 284 437 | 1 176 868 | 9% | 2 461 3005 | 2 435 139 | 1% |
| Russian Steel | 2 693 714 | 2 631 297 | 2% | 5 325 011 | 5 217 255 | 2% |
| North America | 2 183 345 | 2 142 408 | 2% | 4 325 753 | 4 264 900 | 1% |
| Russian Steel (RSD) | 510 369 | 488 889 | 4% | 999 258 | 952 355 | 5% |
| Sales | ||||||
| Coal | 2 483 643 | 2 618 400 | -5% | 5 102 043 | 5 033 938 | 1% |
| Coking coal concentrate | 1 787 747 | 1 826 920 | -2% | 3 614 667 | 3 612 073 | 0% |
| Vorkutaugol | 1 351 937 | 1 335 369 | 1% | 2 687 305 | 2 372 808 | 13% |
| PBS Coals | 435 810 | 491 552 | -11% | 927 362 | 1 239 265 | -25% |
| Energy coal | 517 067 | 645 803 | -20% | 1 162 870 | 1 092 684 | 6% |
| vortkutaugol | 471 319 | 617 766 | -24% | 1 089 085 | 1 082 605 | 1% |
| PBS Coals | 45 749 | 28 037 | 63% | 73 785 | 10 078 | |
| Iron ore | 3 897 970 | 3 513 320 | 11% | 7 411 289 | 7 468 748 | -1% |
| Iron ore pellets | 2 678 099 | 2 460 285 | 9% | 5 138 384 | 5 112 287 | 1% |
| Iron ore concentrat | 1 219 871 | 1 053 035 | 16% | 2 272 905 | 2 356 461 | -4% |
Average price, $/tonne:
| II |