Russian steelmaker Severstal has announced its operational results for the fourth quarter and the full 12 months of 2012. Accordingly, Severstal's crude steel output decreased by five percent quarter on quarter to 3.584 million mt in the fourth quarter. In 2012, Severstal's crude steel output amounted to 15.14 million mt, down one percent compared to 2011.
In the fourth quarter of last year, Severstal's Russian Steel division reported a 14 percent decrease in steel product sales, with Severstal North America posting a 10 percent drop, both compared to the previous quarter.
In 2012, the steel product sales volume of the Russian Steel division decreased by seven percent compared to 2011, while Severstal North America increased its rolled steel sales volume by 17 percent year on year.
As regards consolidated sales (net of intercompany sales), Severstal stated that in the fourth quarter its coal sales increased by 11 percent to 1.9 million mt, iron ore sales decreased by 10 percent to 1.6 million mt, and rolled product sales decreased by 14 percent to 2.76 million mt, all compared to the previous quarter.