Russian steelmaker Severstal has announced its operational results for the third quarter of the current year. Accordingly, Severstal's crude steel production was in line with the previous quarter at four million mt (Q2 2013: 4.0 million mt), while its hot metal production went up by one percent quarter on quarter to 2.712 million mt in the same period.
In the third quarter of the current year, Severstal's Russian Steel division reported a six percent decrease in steel product sales to 2.581 million mt, with Severstal North America posting a two percent rise to 1.199 million mt, both compared to the previous quarter. During the third quarter, the mining division of the company, Severstal Resources, saw its iron ore sales volume decrease by four percent quarter on quarter to 3.747 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 1.575 million mt, its iron ore sales decreased by 11 percent to 1.418 million mt, and its rolled steel product sales decreased by three percent to 3.181 million mt, all compared to the previous quarter.
