Severstal sees improved steel product sales in 2013

Russian steelmaker Severstal has announced its operational results for the fourth quarter and full year of 2013. Accordingly, Severstal's crude steel production in the fourth quarter decreased by seven percent to 3.78 million mt, while its hot metal production fell by one percent to 2.68 million mt, both quarter on quarter.
 
During 2013, Severstal registered a four percent year-on-year growth in crude steel production to 15.7 million mt, while the company's hot metal production increased by five percent to 10.71 million mt compared to 2012.
 
In 2013, Severstal's Russian Steel division' steel product sales grew three percent to 10.64 million mt, while Severstal North America registered a four percent decrease, posting a sales volume of 4.65 million mt, both year on year. In the given year, the mining division of the company Severstal Resources' iron ore sales volume increased by five percent year on year to 3.91 million mt.
 
As regards consolidated sales (net of intercompany sales), Severstal stated that in 2013 its coal sales decreased by 10 percent to 6.33 million mt, its iron ore sales increased by one percent to 6.25 million mt, and its rolled steel product sales increased by seven percent to 12.8 million mt, all compared to the previous year.