Russia’s Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, yesterday announced its operational results for Q4 and CY19.
Severstal’s total consolidated steel product sales declined by 6% Q-o-Q to 2.65 MnT in Q4 2019, compared to 2.83 MnT in the previous quarter. The company increased the share of steel export shipments to 41% in Q4 CY19 against 33% share in Q3, responding to a seasonal slowdown in domestic demand.
The consolidated sales volumes of steel products in CY19 remained 11.15 MnT, stable against 11.17 MnT last year.
Crude steel production fell in Q4 due to maintenance works – The company’s crude steel production was registered 11.85 MnT in CY19, down 12% Y-o-Y. Crude steel production declined 10% Q-o-Q to 2.71 MnT affected by short-term maintenance works at the BOF and EAF facilities and lower EAF production in Q4 CY19 following the sale of the Balakovo mini-mill in the previous quarter.
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SEVERSTAL OPERATIONAL RESULTS Q4 and FY19 |
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Production (MnT) |
Q4 2019 | Q3 2019 | Change % | CY19 | CY18 | Change % |
| Crude Steel | 2.71 | 3.03 | -10 | 11.84 | 12.03 | -2 |
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Sales volumes (MnT) |
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| Total Steel Products (Consolidated) | 2.65 | 2.83 | -6 | 11.15 | 11.17 | 0 |
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Consolidated Net Sales volumes (MnT) |
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| Semi-finished products | 0.2 | 0.08 | 134 | 0.48 | 0.69 | -30 |
| Rolled products | 2.01 | 2.29 | -12 | 8.93 | 8.71 | 2 |
| Downstream products | 0.42 | 0.45 | -6 | 1.73 | 1.76 | -2 |
| Iron ore | 2.17 | 1.44 | 51 | 6.96 | 7.4 | -6 |
| Coal | 0.43 | 0.33 | 32 | 1.68 | 1.67 | 1 |
Severstal Steel is a leading Russian steel producer, with a broad product mix, self-sufficiency in raw materials and an extensive distribution network. The company produces high value-added flat steel products and the production of long products for construction and downstream sales.
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