Severstal’s 2010 crude steel output up 14 percent to 17.04 million mt

Thursday, 10 February 2011 16:29:47 (GMT+3)   |  
       

The Russian steel producer Severstal has announced that in 2010 its total production of crude steel was 17.04 million mt, 14 percent higher than in 2009, while its total hot metal output amounted to about 12.57 million mt, 18 percent higher year on year.
 
Severstal's total sales of iron ore in 2010 were 23 percent lower year on year, while its coal sales were up by 47 percent, rising to 3.56 million mt and about 7.68 million mt respectively.
 
Meanwhile, Severstal's consolidated sales of rolled steel products in 2010 amounted to 13.345 million mt - up 13 percent, its sales of semi-finished products came to 1.3 million mt - up 51 percent, and its sales of downstream products totaled 1.86 million mt - up 14 percent, all compared to 2009. 
 
Specifically, in 2010, Severstal Russian Steel produced 11.085 million mt of crude steel - up 16 percent year on year, and 8.69 million mt of hot metal, up 20 percent year on year. Severstal Russian Steel's 2010 sales of rolled steel products increased by 14 percent year on year to 7.66 million mt, while its sales of semi-finished steel products went up by 67 percent to 1.4 million mt compared to 2009.
 
Severstal's production of hot metal in North America was about 3.88 million mt in 2010, which reflects a 12 percent increase year on year, while its crude steel output in North America was reported at 5.955 million mt - up nine percent compared to 2009. In addition, Severstal's North American operations also reported an 11 percent increase in its sales of rolled steel products to 5.7 million mt, but an eight percent decrease in its downstream product (metalware) sales to 114,077 mt.

Similar articles

Severstal North America reports lower demand and prices in Q2

30 Aug | Steel News

Severstal North America launches new galvanizing line in Dearborn

10 Jan | Steel News

Severstal CEO defends loan to US subsidiary

21 Nov | Steel News

Severstal North America completes expansion in Mississippi

17 Nov | Steel News

Severstal’s crude steel output continues to increase in Q3

26 Oct | Steel News

Severstal’s crude steel output up by six percent in Q2

29 Jul | Steel News

Inclement weather interrupts mill operations at Severstal Columbus

03 May | Steel News

Severstal requests $750 million US government loan for Michigan expansion

05 Apr | Steel News

Severstal NA completes asset sale to Renco, announces capital improvements

01 Apr | Steel News

Severstal forecasts strong 2011, eyes capacity increase

04 Mar | Steel News