Russian steelmaker Severstal has announced its operational results for the first quarter of 2013. Accordingly, Severstal's crude steel output increased by seven percent quarter on quarter to 3.835 million mt in the first quarter, while its hot metal production went up by six percent quarter on quarter to 2.631 million mt in the same period.
In the first quarter of the current year, Severstal's Russian Steel division reported a 12 percent increase in steel product sales, with Severstal North America posting a 15 percent rise, both compared to the previous quarter. On the other hand, during the first quarter the mining division of the company, Severstal Resources, saw its iron ore sales volume decrease by seven percent quarter on quarter to 3.513 million mt.
As regards consolidated sales (net of intercompany sales), Severstal stated that in the first quarter its coal sales decreased by four percent to 1.831 million mt, its iron ore sales decreased by 12 percent to 1.413 million mt, and its rolled steel product sales increased by 13 percent to 3.114 million mt, all compared to the previous quarter.
