Severstal reports Q3 2013 and 9M 2013 operational results

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 2013 and 9M 2013.

● Crude steel production was in line with the previous quarter at 4.0 mln tonnes (Q2 2013: 4.0 mln tonnes)

● Crude steel production at the Russian Steel Division  increased by 2% q/q reaching 2.8 mln tonnes

● Consolidated sales of steel products decreased by 4% q/q against a backdrop of slightly weaker domestic and export markets

● The share of high value-added products in the sales portfolio increased by 1 bpts to 46%

● Steel assets ran at near to full capacity in Q3

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