Operational results of Severstal in 1Q 2020

Operational results of Severstal in 1Q 2020

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.