Russian steelmaker Severstal has announced its operational results for the third quarter of 2012. Accordingly, Severstal's crude steel output decreased by one percent quarter on quarter to 3.763 million mt in the third quarter.
In the given period, Severstal's Russian Steel division reported a six percent increase in steel product sales, with Severstal North America posting a 10 percent decrease, both compared to the previous quarter. On the other hand, during the third quarter the mining division of the company, Severstal Resources, saw its iron ore sales volume increase by four percent quarter on quarter to 3.963 million mt.
As regards consolidated sales (net of intercompany sales), Severstal stated that in the third quarter its coal sales increased by two percent to 1.725 million mt, iron ore sales went up by 13 percent to 1.793 million mt, rolled steel product sales increased by six percent to 3.198 million mt, but semi-finished product sales decreased by 58 percent to 132,000 mt, all compared to the previous quarter.