Severstal’s consolidated steel products sales declined by 2pc to 8.3mn mt in January-September 2020 from 8.5mn mt during the same period in 2019 but rose by 18pc in Q3 2020 to 3mn mt from 2.5mn mt on a quarterly basis. 

 

The Russian steelmaker and miner indicated in a press release on Friday that its consolidated sales of iron ore fell by 5pc to 4.5mn mt in the first nine months of the year from 4.7mn mt during the same period in 2019 and dropped by 10pc to 1.3mn mt in the third quarter of the year from 1.5mn mt in Q2 2020. 

 

Crude steel output at Severstal’s Russian Steel division declined by 6pc to 5.5mn mt in the first nine months of 2020 from 9.1mn mt during the same period in 2019. 

 

Its hot metal production at the division remained unchanged at 7.1mn mt in January-September compared to the same period last year. 

 

Crude steel production in Q3 2020 rose by 3pc to 2.89mn mt from 2.80mn in Q2 2020, while hot metal output also rose by 3pc to 2.4mn mt from 2.3mn mt during the same period. 

 

The Russian steel miner’s steel product sales at the division dropped by 2pc to 8.3mn mt in the first nine months of the year from 8.5mn mt the same period in 2019 but increased by 18pc to 3mn mt in Q3 2020 from 2.5mn mt in Q2 2020. 

 

 

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