PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the largest in the world.
a vertically integrated steel and mining companies,
reported today its operating results for the first quarter of 2020.
HIGHLIGHTS (GROUP), 1st quarter 2020
- production of cast iron increased by 2% over the previous quarter and
amounted to 2.41 million tons (Q4 2019: 2.36 million tons) in connection with the completion of the
short-term work on the furnaces in Q4 2019. - steel Production increased by 5% and amounted to 2.85 million tons (Q4
2019: 2.71 million tons) in connection with the increase in the number of heats in Q1 2020, and
completion of short-term work on the Converter and electric arc
capacity in Q4 2019. - Consolidated sales of steel products increased by 4% compared to the previous
quarter and amounted to 2.75 million tonnes in 1Q 2020 (Q4 2019: 2.65 million
tonnes). - the Company has increased the share of export sales of steel products up to 45% (Q4
2019: 41%) due to the seasonal decline in domestic consumption. - the Share of products with high added value amounted to 42% (Q4 2019:
45%), which was driven by increased sales of hot-rolled sheet and
long products and lower sales volumes of large diameter pipes. - sales of coking coal concentrate at Vorkutaugol declined
29% yoy to 0.95 million tonnes due to the reduction of the volume
production of the rock mass in connection with longwall equipment relocation at the mine "Komsomolskaya" in
1 sq 2020. - sales of iron ore pellets increased by 6% over the previous quarter
and amounted to 2.97 million tonnes (Q4 2019: 2.81 million tons), which was due to
the recovery of demand in the previous quarter. - sales of iron ore concentrate decreased by 8% to $ 1.47
million tons (Q4 2019: 1.60 million tons), which was due to a planned decrease in
production "Alcon".
MAIN INDICATORS of PRODUCTION AND SALES
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CONSOLIDATED SALES (excluding SALES INSIDE the
COMPANY)
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the Full version of the operating results are available at the
reference.
