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Severstal reports Q3 & 9M 2020 operational results

·9-min read

PAO Severstal (SVST)
09-Oct-2020 / 09:02 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Severstal reports Q3 & 9M 2020 operational results

 

Moscow, Russia - 9 October 2020 - PAO Severstal (MOEX: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 & 9M 2020.

 

Q3 2020 GROUP HIGHLIGHTS

9M 2020 GROUP HIGHLIGHTS

 

 

SUMMARY OF KEY PRODUCTION, SALES VOLUMES

 

 

 

 

 

 

 

 

 

 

SEVERSTAL'S CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)

 

 

 

SEVERSTAL RESOURCES

 

 

 

SEVERSTAL RUSSIAN STEEL ('RSD')

 

 

 

 

 

 

1) Sales prices are stated on EXW basis;

2) Segmental data includes intercompany sales;

3) Semi-finished products include pig iron, slabs, billets, ingots, steel casting and forgings;

4) Large diameter pipes include all pipes with a diameter between 820 and 1420 mm.

 

 

Investor Relations

Evgeny Belov

T: +7 (495) 926-77-66 ext. 6445

evgenii.belov@severstal.com

 

Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66 ext. 6457

anastasia.mishanina@severstal.com

 

Severstal's financial communications agency - Hudson Sandler

Andrew Leach / Emily Dillon

T: +44 (0) 20 7796 4133

 

PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $8,157 million and EBITDA of $2,805 million in 2019. Severstal's crude steel production in 2019 reached 11.8 million tonnes. www.severstal.com

 

 

 


Production, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Crude Steel (Russian Steel)

2,890

2,807

3%

8,547

9,133

(6%)

Hot metal (Russian Steel)

2,402

2,331

3%

7,143

7,125

0%

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coking coal concentrate

1,218

1,276

(5%)

3,445

3,340

3%

Iron ore pellets

2,613

2,532

3%

8,112

8,192

(1%)

Iron ore concentrate

1,960

1,904

3%

5,333

4,660

14%

Total steel products (Consolidated)

3,006

2,551

18%

8,306

8,503

(2%)

Total steel products (Russian Steel)

3,020

2,561

18%

8,340

8,538

(2%)

High value added steel products, %

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Severstal (Consolidated)

49%

43%

6 ppts

45%

45%

(0 ppts)

Severstal Russian Steel

49%

43%

6 ppts

45%

45%

(0 ppts)

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coal:

344

370

(7%)

1,101

1,250

(12%)

Coking coal concentrate

46

104

(56%)

215

331

(35%)

Steam coal

298

266

12%

886

919

(4%)

Iron ore:

1,358

1,511

(10%)

4,530

4,785

(5%)

Iron ore pellets

1,355

1,461

(7%)

4,343

4,170

4%

Iron ore concentrate

3

50

(94%)

187

615

(70%)

Semi-finished products

97

100

(3%)

389

279

39%

Rolled products:

2,383

2,084

14%

6,637

6,916

(4%)

Hot - rolled coil

1,267

1,179

7%

3,643

3,310

10%

Hot - rolled plate

244

219

11%

715

702

2%

Cold - rolled coil

253

198

28%

661

743

(11%)

Galvanised and metallic coated coil

286

196

46%

701

729

(4%)

Colour coated coil

162

113

43%

373

365

2%

Long products

171

179

(4%)

544

1,067

(49%)

Downstream products:

526

367

43%

1,280

1,308

(2%)

Metalware products

145

135

7%

426

413

3%

Large diameter pipes

85

25

n/a

129

303

(57%)

Other tubes, pipes, formed shapes

296

207

43%

725

592

22%

Sales volumes, thousands tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coal:

1,516

1,542

(2%)

4,331

4,260

2%

Coking coal concentrate

1,218

1,276

(5%)

3,445

3,340

3%

Steam coal

298

266

12%

886

920

(4%)

Iron ore:

4,573

4,436

3%

13,445

12,852

5%

Iron ore pellets

2,613

2,532

3%

8,112

8,192

(1%)

Iron ore concentrate

1,960

1,904

3%

5,333

4,660

14%

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Total steel products

3,020

2,561

18%

8,340

8,538

(2%)

Semi-finished products

98

100

(2%)

390

279

40%

Rolled products:

2,395

2,093

14%

6,667

6,949

(4%)

Hot - rolled coil

1,268

1,178

8%

3,644

3,311

10%

Hot - rolled plate

244

219

11%

715

703

2%

Cold - rolled coil

253

198

28%

661

743

(11%)

Galvanised and metallic coated coil

286

196

46%

701

729

(4%)

Colour coated coil

162

113

43%

373

365

2%

Long products

182

189

(4%)

573

1,098

(48%)

Downstream products:

527

368

43%

1,283

1,310

(2%)

Metalware products

147

135

9%

429

416

3%

Large diameter pipes

85

25

n/a

129

303

(57%)

Other tubes, pipes, formed shapes

295

208

42%

725

591

23%

Sales price, $/tonne

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Semi-finished products

376

388

(3%)

385

427

(10%)

Hot - rolled coil

416

417

0%

423

506

(16%)

Hot-rolled plate

517

545

(5%)

558

660

(15%)

Cold - rolled coil

504

528

(5%)

536

621

(14%)

Galvanised and metallic coated coil

639

643

(1%)

638

724

(12%)

Colour coated coil

797

790

1%

789

894

(12%)

Long products

411

417

(1%)

419

476

(12%)

Metalware products

832

837

(1%)

852

965

(12%)

Large diameter pipes

825

778

6%

811

996

(19%)

Other tubes, pipes, formed shapes

480

477

1%

492

578

(15%)

Sales price, $/tonne

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Weighted average steel selling price

510

500

2%

510

602

(15%)

Notes:

 

 

 

 

 

 

Contacts

 

 

 

 

 

 

***

Production, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Crude Steel (Russian Steel)

2,890

2,807

3%

8,547

9,133

(6%)

Hot metal (Russian Steel)

2,402

2,331

3%

7,143

7,125

0%

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coking coal concentrate

1,218

1,276

(5%)

3,445

3,340

3%

Iron ore pellets

2,613

2,532

3%

8,112

8,192

(1%)

Iron ore concentrate

1,960

1,904

3%

5,333

4,660

14%

Total steel products (Consolidated)

3,006

2,551

18%

8,306

8,503

(2%)

Total steel products (Russian Steel)

3,020

2,561

18%

8,340

8,538

(2%)

High value added steel products, %

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Severstal (Consolidated)

49%

43%

6 ppts

45%

45%

(0 ppts)

Severstal Russian Steel

49%

43%

6 ppts

45%

45%

(0 ppts)

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coal:

344

370

(7%)

1,101

1,250

(12%)

Coking coal concentrate

46

104

(56%)

215

331

(35%)

Steam coal

298

266

12%

886

919

(4%)

Iron ore:

1,358

1,511

(10%)

4,530

4,785

(5%)

Iron ore pellets

1,355

1,461

(7%)

4,343

4,170

4%

Iron ore concentrate

3

50

(94%)

187

615

(70%)

Semi-finished products

97

100

(3%)

389

279

39%

Rolled products:

2,383

2,084

14%

6,637

6,916

(4%)

Hot - rolled coil

1,267

1,179

7%

3,643

3,310

10%

Hot - rolled plate

244

219

11%

715

702

2%

Cold - rolled coil

253

198

28%

661

743

(11%)

Galvanised and metallic coated coil

286

196

46%

701

729

(4%)

Colour coated coil

162

113

43%

373

365

2%

Long products

171

179

(4%)

544

1,067

(49%)

Downstream products:

526

367

43%

1,280

1,308

(2%)

Metalware products

145

135

7%

426

413

3%

Large diameter pipes

85

25

n/a

129

303

(57%)

Other tubes, pipes, formed shapes

296

207

43%

725

592

22%

Sales volumes, thousands tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Coal:

1,516

1,542

(2%)

4,331

4,260

2%

Coking coal concentrate

1,218

1,276

(5%)

3,445

3,340

3%

Steam coal

298

266

12%

886

920

(4%)

Iron ore:

4,573

4,436

3%

13,445

12,852

5%

Iron ore pellets

2,613

2,532

3%

8,112

8,192

(1%)

Iron ore concentrate

1,960

1,904

3%

5,333

4,660

14%

Sales volumes, thousands of tonnes

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Total steel products

3,020

2,561

18%

8,340

8,538

(2%)

Semi-finished products

98

100

(2%)

390

279

40%

Rolled products:

2,395

2,093

14%

6,667

6,949

(4%)

Hot - rolled coil

1,268

1,178

8%

3,644

3,311

10%

Hot - rolled plate

244

219

11%

715

703

2%

Cold - rolled coil

253

198

28%

661

743

(11%)

Galvanised and metallic coated coil

286

196

46%

701

729

(4%)

Colour coated coil

162

113

43%

373

365

2%

Long products

182

189

(4%)

573

1,098

(48%)

Downstream products:

527

368

43%

1,283

1,310

(2%)

Metalware products

147

135

9%

429

416

3%

Large diameter pipes

85

25

n/a

129

303

(57%)

Other tubes, pipes, formed shapes

295

208

42%

725

591

23%

Sales price, $/tonne

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Semi-finished products

376

388

(3%)

385

427

(10%)

Hot - rolled coil

416

417

0%

423

506

(16%)

Hot-rolled plate

517

545

(5%)

558

660

(15%)

Cold - rolled coil

504

528

(5%)

536

621

(14%)

Galvanised and metallic coated coil

639

643

(1%)

638

724

(12%)

Colour coated coil

797

790

1%

789

894

(12%)

Long products

411

417

(1%)

419

476

(12%)

Metalware products

832

837

(1%)

852

965

(12%)

Large diameter pipes

825

778

6%

811

996

(19%)

Other tubes, pipes, formed shapes

480

477

1%

492

578

(15%)

Sales price, $/tonne

Q3 2020

Q2 2020

Change, %

9M 2020

9M 2019

Change, %

Weighted average steel selling price

510

500

2%

510

602

(15%)

Notes:

 

 

 

 

 

 

Contacts

 

 

 

 

 

 

***

ISIN:

US8181503025

Category Code:

TST

TIDM:

SVST

LEI Code:

213800OKDPTV6K4ONO53

Sequence No.:

85657

EQS News ID:

1139893


 

End of Announcement

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