Severstal | 14 April 2015 г. | 12:14

Severestal grew steel oitput in the first quarter of 2015

Today Severstal announced itss operational results for Q1 2015. According to its press release, crude steel production increased 2% q/q to 2.96 mln tonnes (Q4 2014: 2.89 million tons) with the prior quarter impacted by scheduled maintenance at one of the BOFs. Lower hot metal production (down 1% q/q to 2.31 million tons) reflects short-term maintenance at BF#5.

Steel assets continued to run at near to full capacity, with the Balakovo mini-mill further ramping-up production.

Consolidated sales of steel products declined 4% q/q as Severstal built its internal stock of high value-added products to normal levels after divesting inventories against strong demand in Q4 2014.

There has been an increase in profitability for hot-rolled coil (HRC) export deliveries almost throughout the entire quarter on the back of RUB devaluation, which resulted in higher HRC sales volumes.

The abovementioned factors resulted in a 6 ppts decrease of the share of HVA products in the sales portfolio, to 46% (Q4 2014: 52%).

Source: Metal Supply and Sale Magazine
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