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.

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