Severstal reports Q2 2014 and H1 2014 operational results
Moscow, Russia – July 14, 2014 – OAO Severstal (MICEX-RTS:
CHMF; LSE: SVST), 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.
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