Russia: Severstal's Steel Export Share Increased to 45% in Q1 CY'20 on Dull Domestic Demand
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Severstal, one of Russia's major steel makers announced operational results today for Q1 CY20.
The company's total steel production of crude steel was registered at 2.85 MnT, increased by 5% on Q-o-Q basis, driven by an increased number of castings in Q1 CY20 and the completion of short-term maintenance works at steelmaking facilities in Q4 CY19.
Consolidated steel product sales increased 4% Q-o-Q to 2.75 MnT in Q1 CY20 as compared to 2.65 MnT in Q4 CY19.
The Company increased its share of steel export shipments to 45% from 41% in Q4 CY'19, responding to a seasonal slowdown in domestic demand.
| SEVERSTAL Q1 CY'20 OPERATIONAL RESULTS | ||||||
| Q1 CY20 | Q4 CY19 | Change (%) | Q1 CY20 | Q1 CY19 | Change (%) | |
| Crude Steel Production | 2850 | 2714 | 5 | 2850 | 3044 | -6 |
| Sales Volume ('000 MT) | ||||||
| Total Steel Products (Consolidated) | 2749 | 2651 | 4 | 2749 | 2832 | -3 |
| Consolidated Net Sales Volume ('000 MT) | ||||||
| Semi-finished Products | 192 | 208 | -8 | 192 | 121 | 59 |
| Rolled Products | 2170 | 2016 | 8 | 2170 | 2311 | -6 |
| Downstream Products | 387 | 427 | -9 | 387 | 400 | -3 |
| Iron ore | 1661 | 2175 | -24 | 1661 | 1656 | 0 |
| Coal | 387 | 435 | -11 | 387 | 532 | -27 |
Severstal Steel is a leading Russian steel producer with broad product mix, self-sufficiency in raw materials and an extensive distribution network. The company produces high quality flat steel products and the production of long products for construction and downstream sales.
