Severstal Reports Q3 2013 and 9M 2013 Operational Results
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 Q3 2013 and 9M 2013.
Q3 2013 Group highlights
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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