NLMK Q2 2013 US GAAP Results

NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q2 2013.

Q2 2013 KEY HIGHLIGHTS:

· Revenue: $2,829 million (-1% qoq)

· EBITDA: $400 million (+26% qoq), EBITDA margin 14% (11% in Q1 2013)

· Net income: $34 million

· Net debt: $3,424 million (-1%)

· Sales: 3.77 million t (flat qoq)

· Sales to external markets: 63% of the total sales (-2p.p. qoq)

· Sales of high value added products: 1.38 million t (+4% qoq)

· Steelmaking capacities utilization rate: 94%.

OUTLOOK

In Q3, NLMK Group capacity utilization rates will remain consistently high. Crude steel output will increase by 4% to 3.9 million t. We expect our Q3 revenue to remain flat quarter-on-quarter. Profit performances will depend on the trends for steel product and key raw material prices that will remain volatile.