OREANDA-NEWS. 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 Q2 2013 and H1 2013.

Q2 Group highlights
Crude steel production increased 5% q/q to 4.0 mln tonnes (Q1 2013: 3.8 mln tonnes)
Steel-making assets at the Russian Steel Division (RSD) and Severstal North America Division (SNA) ran at close to full capacity
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%
Q/q prices for key steel products at RSD were broadly flat or slightly decreased; prices for SNA’s 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.

 Production, tonnes  Q2 2013  Q1 2013  Change, %  H1 2013   H1 2012  Change, %
 Crude steel (Total output):   4 031 970  3 835 016  5 %  7 866 987  7 793 000  1 %
 Russian Steel (RSD) 
  2 747 533  2 658 148  3 %  5 405 682  5 357 861  1 %
 Severstal North America (SNA) 
 		  1 284 437  1 176 868  9 %  2 461 305  2 435 139  1 %
 Hot metal (total output):   2 693 714  2 631 297  2 %  5 325 011  5 217 255  2 %
 Russian Steel   2 183 345  2 142 408  2 %  4 325 753  4 264 900  1 %
 North America   510 369  488 889  4 %  999 258  952 355  5 %

 Sales volumes, tonnes   Q2 2013  Q1 2013 Change, %    H1 2013  H1 2012 Change, % 
 Coking coal concentrate   1 787 747  1 826 920  (2) %  3 614 667  3 612 073  0 %
 Iron ore pellets   2 678 099  2 460 285  9 %  5 138 384  5 112 287  1 %
 Iron ore concentrate   1 219 871  1 053 035  16 %  2 272 905  2 356 461  (4) %
 Total steel products (Consolidated)   3 882 296  3 682 416  5 %  7 564 712  7 527 981  0 %
 Total steel products (Russian Steel)   2 749 078  2 637 901  4 %  5 386 979  5 214 253  3 %
 Total steel products (SNA)   1 170 085  1 112 716  5 %  2 282 801  2 416 734  (6) %

 Average price, \\$/tonne  Q2 2013    Q1 2013 Change, %   H1 2013   H1 2012   Change, % 
 Coking coal concentrate, Vorkutaugol   113  117  (3) %  115  153  (25) %
 Iron ore pellets, Karelsky Okatysh   112  110  1 %  111  119  (7) %
 Hot-rolled coil and plate (RSD)   560  566  (1) %  563  641  (12) %
 Rolled products (SNA)   787  808  (3) %  798  867  (8) %