OAO Severstal SVST Q3 2012 Operational results

  OAO Severstal (SVST) - Q3 2012 Operational results

RNS Number : 6119P
OAO Severstal
26 October 2012




Severstal reports Q3 and 9 months 2012 operational results



Moscow, Russia  - October  26, 2012-  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 and 9
months 2012.





SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA

Production, tonnes         Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %
Crude steel (Total          3 762   3 803     -1%    11 555  11 531     0%
output):                     972     314               972     717
Russian Steel               2 652   2 643     0%      8 010   8 566     -6%
                             814     000               674     142
Severstal North America     1 110   1 160     -4%     3 545   2 965     20%
(SNA)                        158     314               298     575
Hot metal (total output):   2 567   2 547     1%      7 784   7 925     -2%
                             491     066               746     522
Russian Steel               2 069   2 084     -1%     6 334   6 601     -4%
                             100     200               000     659
North America              498 391 462 866    8%      1 450   1 323     10%
                                                       746     863
Sales volume, tonnes       Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %
Coking coal concentrate     1 927   1 816     6%      5 539   5 714     -3%
                             514     313               586     933
Iron ore pellets            2 700   2 563     5%      7 813   7 434     5%
                             862     135               149     134
Iron ore concentrate        1 261   1 255     1%      3 618   3 547     2%
                             671     390               828     832
Total steel products        3 806   3 771     1%     11 334  11 193     1%
(Consolidated)               400     580               381     631
Total steel products        2 731   2 588     6%      7 945   8 420     -6%
(Russian Steel)              185     741               438     189
Total steel products (SNA)  1 080   1 195    -10%     3 496   2 785     26%
                             423     900               873     615
Average price, $/tonne     Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %
Coking coal concentrate      128     138      -7%      142     190     -25%
Iron ore pellets             105     120     -13%      114     135     -15%
Hot-rolled coil and plate    586     640      -8%      622     742     -16%
(Russian Steel)
Rolled products (SNA)        817     864      -5%      851     877      -3%



SALES VOLUME

Sales volume, tonnes Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %
Severstal Resources
Coal:                       2 601 355 2 507 593  4%  7 635 293  7 943 299 -4%
 Coking coal            1 927 514 1 816 313  6%  5 539 586  5 714 933 -3%
concentrate, including:
 Vorkutaugol            1 427 611 1 162 890 23%  3 800 419  3 832 138 -1%
 PBS Coals*              499 903   653 423  -23% 1 739 168  1 882 795 -8%
 Raw coking coal,       146 667   149 870  -2%   475 849    201 363  136%
Vorkutaugol
 Steam coal, including:  527 174   541 410  -3%  1 619 858  2 027 002 -20%
 Vorkutaugol             472 486   541 106  -13% 1 555 091  1 378 853 13%
 PBS Coals               54 688      304    n.a.   64 767    648 149  -90%
Iron ore:                   3 962 533 3 818 525  4%  11 431 976  10 981    4%
                                                                   966
Iron ore pellets            2 700 862 2 563 135  5%  7 813 149  7 434 134  5%
Iron ore concentrate        1 261 671 1 255 390  1%  3 618 828  3 547 832  2%





Sales volume, tonnes Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %











Severstal Russian Steel
Total steel products         2 731 185 2 588 741  6%  7 945 438 8 420 189 -6%
Semi-finished products        131 891   315 753  -58%  812 398   979 413  -17%
Rolled products:             2 122 138 1 828 596 16%  5 775 656 5 996 851 -4%
Hot-rolled coil              1 087 678  946 419  15%  3 108 019 3 092 743  0%
Hot-rolled plate              101 688   110 777  -8%   346 719   446 343  -22%
Cold-rolled coil              381 045   318 588  20%   976 903  1 050 621 -7%
Galvanised and metallic       171 600   145 334  18%   454 112   587 966  -23%
coated coil
Color coated coil             124 440   90 171   38%   283 920   186 506  52%
Long products                 255 687   217 308  18%   605 984   632 670  -4%
Downstream products:          477 156   444 392   7%  1 357 384 1 443 925 -6%
Metalware products            224 697   196 618  14%   641 160   586 812   9%
Large diameter pipes          82 046    84 513   -3%   243 987   409 002  -40%
Other tubes, pipes, formed    170 413   163 261   4%   472 237   448 111   5%
shapes







Severstal North America
Rolled products:              1 080 423 1 195 900 -10% 3 496 873 2 785 615 26%
Hot-rolled coil and plate      581 346   654 294  -11% 1 931 339 1 467 138 32%
Cold-rolled coil               132 270   136 892  -3%   416 548   388 082  7%
Galvanised and metallic        366 808   404 714  -9%  1 148 986  930 395  23%
coated coil



Consolidated Sales (Net of Intercompany Sales)
Coal:                        1 724 665 1 693 132  2%  5 124 967 5 227 251 -2%
Coking coal concentrate      1 050 823 1 001 852  5%  3 029 260 2 998 885  1%
Raw coking coal               146 667   149 870  -2%   475 849   201 363  136%
Steam coal                    527 174   541 410  -3%  1 619 858 2 027 002 -20%
Iron ore:                    1 792 898 1 583 257 13%  4 577 269 4 060 070 13%
Iron ore pellets             1 792 898 1 583 257 13%  4 577 269 3 756 986 22%
Semi-finished products        132 169   315 956  -58%  773 618   979 989  -21%
Rolled products:             3 198 388 3 013 186  6%  9 207 287 8 771 503  5%
Hot-rolled coil              1 668 752 1 591 882  5%  4 983 061 4 559 699  9%
Hot-rolled plate              101 688   110 777  -8%   346 660   446 343  -22%
Cold-rolled coil              513 315   455 479  13%  1 393 451 1 438 704 -3%
Galvanised and metallic       538 408   550 048  -2%  1 603 097 1 518 361  6%
coated coil
Color coated coil             124 440   90 171   38%   283 920   186 506  52%
Long products                 251 786   214 829  17%   597 098   621 889  -4%
Downstream products:          475 843   442 438   8%  1 353 476 1 442 139 -6%
Metalware products            224 328   196 123  14%   639 655   585 026   9%
Large diameter pipes          81 401    83 054   -2%   241 883   409 002  -41%
 Other tubes, pipes,     170 114   163 261   4%   471 938   448 111   5%
formed shapes









AVERAGE SELLING PRICES

Sales price, $/tonne Q3 2012 Q2 2012 Change, % 9M 2012 9M 2011 Change, %



Severstal Resources
Coking coal concentrate, Vorkutaugol 123 140 -12% 142 202 -30%
Coking coal concentrate, PBS Coals   143 136  5%  143 166 -14%
Raw coking coal, Vorkutaugol        63  71  -11% 70  146 -52%
Steam coal, Vorkutaugol              37  39  -6%  38  38   0%
Iron ore pellets                     105 120 -13% 114 135 -15%
Iron ore concentrate                 77  85  -10% 83  99  -16%



Severstal Russian Steel
Semi-finished products               609   580  5%   546   605  -10%
Hot-rolled coil and plate            586   640  -8%  622   742  -16%
Cold-rolled coil                     696   753  -8%  724   862  -16%
Galvanised and metallic coated coil  956  1 004 -5%  966  1 025 -6%
Color coated coil                   1 191 1 215 -2% 1 193 1 284 -7%
Long products                        672   666  1%   672   750  -10%
Metalware products                  1 131 1 192 -5% 1 161 1 284 -10%
Large diameter pipes                1 609 1 617 -1% 1 733 2 055 -16%
Other tubes, pipes, formed shapes    736   767  -4%  765   889  -14%



Severstal North America
Rolled products 817 864 -5% 851 877 -3%





Notes: 1) All production data is reported in metric tonnes; 2) Segmental data
includes intercompany sales; 3) Semi-finished products include pig iron,
slabs, billets, ingots, steel casting and forgings; 4) Metalware sales volumes
and metalware average selling prices include Severstal Metiz, Cherepovets
Steel Mill, Severstallat and Severstal Invest data 5) Large diameter pipes
include all pipes with a diameter in the range between 820 and 1420 mm.



For further information, please contact:



Investor Relations

Vladimir Zaluzhsky

T: +7 (495) 926-77-66 ext. 6375

vladimir.zaluzhsky@severstal.com



Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66 ext. 6447

elena.kovaleva@severstal.com

                                      

                                     ***



ОАО Severstal is one  of the world's leading  vertically integrated steel  and 
steel related  mining companies,  with assets  in Russia,  the USA,  Ukraine, 
Latvia, Poland, Italy, Liberia  and Brazil. Severstal  is listed on  MICEX-RTS 
and the company's GDRs  are traded on the  LSE. Severstal reported revenue  of 
$15,812 million and EBITDA of $3,584 million in 2011. Severstal's crude  steel 
production in 2011 reached 15.3 million tonnes. www.severstal.com

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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TSTMFBATMBATMAT -0- Oct/26/2012 06:00 GMT