OREANDA-NEWS. The steel segment's total revenue in Q2 2015 was USD 1,574 million, up 11.2% q-o-q. This growth was due to a significant growth in metal prices and continued premium on the domestic market during the quarter.

The steel segment's total revenue in H1 2015 was USD 2,989 million, down 21.8% y-o-y. This was due to decrease in sales volume in 2015, as well as decrease in average steel prices on the domestic and export markets.

The steel segment's EBITDA in Q2 2015 was USD 463 million, up 3.8% q-o-q, with an EBITDA margin of 29.4%. The segment EBITDA in H1 2015 amounted to USD 909 million, up 35.7% y-o-y.

This growth was due to the continued premium in steel prices on the domestic market, a favourable situation for the company on the commodities markets, as well as cost optimisation measures carried out by Company management.

Cash cost of a tonne of slab in Q2 2015 amounted to USD 240, up USD 33 or 15.9% q-o-q. The key growth factor was a significant rouble strengthening during the quarter. Excluding this factor, cash cost of a tonne of slab would be USD 203, down 1.9% q-o-q.