26th Oct 2012 07:00
Moscow, Russia - October 26, 2012 - 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 Q3 and 9 months 2012.
SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA
Production, tonnes | Q3 2012 | Q2 2012 | Change, % | 9M 2012 | 9M 2011 | Change, % |
Crude steel (Total output): | 3 762 972 | 3 803 314 | -1% | 11 555 972 | 11 531 717 | 0% |
Russian Steel | 2 652 814 | 2 643 000 | 0% | 8 010 674 | 8 566 142 | -6% |
Severstal North America (SNA) | 1 110 158 | 1 160 314 | -4% | 3 545 298 | 2 965 575 | 20% |
Hot metal (total output): | 2 567 491 | 2 547 066 | 1% | 7 784 746 | 7 925 522 | -2% |
Russian Steel | 2 069 100 | 2 084 200 | -1% | 6 334 000 | 6 601 659 | -4% |
North America | 498 391 | 462 866 | 8% | 1 450 746 | 1 323 863 | 10% |
Sales volume, tonnes | Q3 2012 | Q2 2012 | Change, % | 9M 2012 | 9M 2011 | Change, % |
Coking coal concentrate | 1 927 514 | 1 816 313 | 6% | 5 539 586 | 5 714 933 | -3% |
Iron ore pellets | 2 700 862 | 2 563 135 | 5% | 7 813 149 | 7 434 134 | 5% |
Iron ore concentrate | 1 261 671 | 1 255 390 | 1% | 3 618 828 | 3 547 832 | 2% |
Total steel products (Consolidated) | 3 806 400 | 3 771 580 | 1% | 11 334 381 | 11 193 631 | 1% |
Total steel products (Russian Steel) | 2 731 185 | 2 588 741 | 6% | 7 945 438 | 8 420 189 | -6% |
Total steel products (SNA) | 1 080 423 | 1 195 900 | -10% | 3 496 873 | 2 785 615 | 26% |
Average price, $/tonne | Q3 2012 | Q2 2012 | Change, % | 9M 2012 | 9M 2011 | Change, % |
Coking coal concentrate | 128 | 138 | -7% | 142 | 190 | -25% |
Iron ore pellets | 105 | 120 | -13% | 114 | 135 | -15% |
Hot-rolled coil and plate (Russian Steel) | 586 | 640 | -8% | 622 | 742 | -16% |
Rolled products (SNA) | 817 | 864 | -5% | 851 | 877 | -3% |
SALES VOLUME
| |||||||||||||
Severstal Resources | |||||||||||||
Coal: | 2 601 355 | 2 507 593 | 4% | 7 635 293 | 7 943 299 | -4% | |||||||
Coking coal concentrate, including: | 1 927 514 | 1 816 313 | 6% | 5 539 586 | 5 714 933 | -3% | |||||||
Vorkutaugol | 1 427 611 | 1 162 890 | 23% | 3 800 419 | 3 832 138 | -1% | |||||||
PBS Coals* | 499 903 | 653 423 | -23% | 1 739 168 | 1 882 795 | -8% | |||||||
Raw coking coal, Vorkutaugol | 146 667 | 149 870 | -2% | 475 849 | 201 363 | 136% | |||||||
Steam coal, including: | 527 174 | 541 410 | -3% | 1 619 858 | 2 027 002 | -20% | |||||||
Vorkutaugol | 472 486 | 541 106 | -13% | 1 555 091 | 1 378 853 | 13% | |||||||
PBS Coals | 54 688 | 304 | n.a. | 64 767 | 648 149 | -90% | |||||||
Iron ore: | 3 962 533 | 3 818 525 | 4% | 11 431 976 | 10 981 966 | 4% | |||||||
Iron ore pellets | 2 700 862 | 2 563 135 | 5% | 7 813 149 | 7 434 134 | 5% | |||||||
Iron ore concentrate | 1 261 671 | 1 255 390 | 1% | 3 618 828 | 3 547 832 | 2% | |||||||
Sales volume, tonnes | Q3 2012 | Q2 2012 | Change, % | 9M 2012 | 9M 2011 | Change, % |
Severstal Russian Steel | ||||||
Total steel products | 2 731 185 | 2 588 741 | 6% | 7 945 438 | 8 420 189 | -6% |
Semi-finished products | 131 891 | 315 753 | -58% | 812 398 | 979 413 | -17% |
Rolled products: | 2 122 138 | 1 828 596 | 16% | 5 775 656 | 5 996 851 | -4% |
Hot-rolled coil | 1 087 678 | 946 419 | 15% | 3 108 019 | 3 092 743 | 0% |
Hot-rolled plate | 101 688 | 110 777 | -8% | 346 719 | 446 343 | -22% |
Cold-rolled coil | 381 045 | 318 588 | 20% | 976 903 | 1 050 621 | -7% |
Galvanised and metallic coated coil | 171 600 | 145 334 | 18% | 454 112 | 587 966 | -23% |
Color coated coil | 124 440 | 90 171 | 38% | 283 920 | 186 506 | 52% |
Long products | 255 687 | 217 308 | 18% | 605 984 | 632 670 | -4% |
Downstream products: | 477 156 | 444 392 | 7% | 1 357 384 | 1 443 925 | -6% |
Metalware products | 224 697 | 196 618 | 14% | 641 160 | 586 812 | 9% |
Large diameter pipes | 82 046 | 84 513 | -3% | 243 987 | 409 002 | -40% |
Other tubes, pipes, formed shapes | 170 413 | 163 261 | 4% | 472 237 | 448 111 | 5% |
Severstal North America | ||||||
Rolled products: | 1 080 423 | 1 195 900 | -10% | 3 496 873 | 2 785 615 | 26% |
Hot-rolled coil and plate | 581 346 | 654 294 | -11% | 1 931 339 | 1 467 138 | 32% |
Cold-rolled coil | 132 270 | 136 892 | -3% | 416 548 | 388 082 | 7% |
Galvanised and metallic coated coil | 366 808 | 404 714 | -9% | 1 148 986 | 930 395 | 23% |
Consolidated Sales (Net of Intercompany Sales) | ||||||
Coal: | 1 724 665 | 1 693 132 | 2% | 5 124 967 | 5 227 251 | -2% |
Coking coal concentrate | 1 050 823 | 1 001 852 | 5% | 3 029 260 | 2 998 885 | 1% |
Raw coking coal | 146 667 | 149 870 | -2% | 475 849 | 201 363 | 136% |
Steam coal | 527 174 | 541 410 | -3% | 1 619 858 | 2 027 002 | -20% |
Iron ore: | 1 792 898 | 1 583 257 | 13% | 4 577 269 | 4 060 070 | 13% |
Iron ore pellets | 1 792 898 | 1 583 257 | 13% | 4 577 269 | 3 756 986 | 22% |
Semi-finished products | 132 169 | 315 956 | -58% | 773 618 | 979 989 | -21% |
Rolled products: | 3 198 388 | 3 013 186 | 6% | 9 207 287 | 8 771 503 | 5% |
Hot-rolled coil | 1 668 752 | 1 591 882 | 5% | 4 983 061 | 4 559 699 | 9% |
Hot-rolled plate | 101 688 | 110 777 | -8% | 346 660 | 446 343 | -22% |
Cold-rolled coil | 513 315 | 455 479 | 13% | 1 393 451 | 1 438 704 | -3% |
Galvanised and metallic coated coil | 538 408 | 550 048 | -2% | 1 603 097 | 1 518 361 | 6% |
Color coated coil | 124 440 | 90 171 | 38% | 283 920 | 186 506 | 52% |
Long products | 251 786 | 214 829 | 17% | 597 098 | 621 889 | -4% |
Downstream products: | 475 843 | 442 438 | 8% | 1 353 476 | 1 442 139 | -6% |
Metalware products | 224 328 | 196 123 | 14% | 639 655 | 585 026 | 9% |
Large diameter pipes | 81 401 | 83 054 | -2% | 241 883 | 409 002 | -41% |
Other tubes, pipes, formed shapes | 170 114 | 163 261 | 4% | 471 938 | 448 111 | 5% |
AVERAGE SELLING PRICES
Sales price, $/tonne | Q3 2012 | Q2 2012 | Change, % | 9M 2012 | 9M 2011 | Change, % |
Severstal Resources | ||||||
Coking coal concentrate, Vorkutaugol | 123 | 140 | -12% | 142 | 202 | -30% |
Coking coal concentrate, PBS Coals | 143 | 136 | 5% | 143 | 166 | -14% |
Raw coking coal, Vorkutaugol | 63 | 71 | -11% | 70 | 146 | -52% |
Steam coal, Vorkutaugol | 37 | 39 | -6% | 38 | 38 | 0% |
Iron ore pellets | 105 | 120 | -13% | 114 | 135 | -15% |
Iron ore concentrate | 77 | 85 | -10% | 83 | 99 | -16% |
Severstal Russian Steel | ||||||
Semi-finished products | 609 | 580 | 5% | 546 | 605 | -10% |
Hot-rolled coil and plate | 586 | 640 | -8% | 622 | 742 | -16% |
Cold-rolled coil | 696 | 753 | -8% | 724 | 862 | -16% |
Galvanised and metallic coated coil | 956 | 1 004 | -5% | 966 | 1 025 | -6% |
Color coated coil | 1 191 | 1 215 | -2% | 1 193 | 1 284 | -7% |
Long products | 672 | 666 | 1% | 672 | 750 | -10% |
Metalware products | 1 131 | 1 192 | -5% | 1 161 | 1 284 | -10% |
Large diameter pipes | 1 609 | 1 617 | -1% | 1 733 | 2 055 | -16% |
Other tubes, pipes, formed shapes | 736 | 767 | -4% | 765 | 889 | -14% |
Severstal North America | ||||||
Rolled products | 817 | 864 | -5% | 851 | 877 | -3% |
Notes: 1) All production data is reported in metric tonnes; 2) Segmental data includes intercompany sales; 3) Semi-finished products include pig iron, slabs, billets, ingots, steel casting and forgings; 4) Metalware sales volumes and metalware average selling prices include Severstal Metiz, Cherepovets Steel Mill, Severstallat and Severstal Invest data 5) Large diameter pipes include all pipes with a diameter in the range between 820 and 1420 mm.
For further information, please contact:
Investor Relations
Vladimir Zaluzhsky
T: +7 (495) 926-77-66 ext. 6375
Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66 ext. 6447
***
ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy, Liberia and Brazil. Severstal is listed on MICEX-RTS and the company's GDRs are traded on the LSE. Severstal reported revenue of $15,812 million and EBITDA of $3,584 million in 2011. Severstal's crude steel production in 2011 reached 15.3 million tonnes. www.severstal.com
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