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Russian steelmaker Severstal's Q4'19 output falls QOQ on maintenance works

Russian steelmaker PAO Severstal crude steel production dropped 10% quarterly to 2.71 million tonnes in the fourth quarter of 2019, it reported Jan. 17.

The company said production was affected by short-term maintenance work at its basic oxygen furnace and electric arc furnace facilities as well as lower output from the electric arc furnace following the sale of the Balakovo mini-mill in the previous quarter.

Hot metal output slipped 4% to 2.36 Mt due to maintenance work at blast furnace facilities during the December 2019 quarter.

Consolidated steel product sales fell 6% to 2.65 Mt, and coking coal concentrate sales from Vorkutaugol dipped 1% to 1.33 Mt. Sales of iron ore pellets rose 14% to 2.81 Mt, while sales of iron ore concentrate declined 17% to 1.60 Mt.

For full year 2019, crude steel production decreased 2% year over year to 11.85 Mt. Hot metal output climbed 4% to 9.49 Mt.

Consolidated steel product sales remained steady at 11.15 Mt, and coking coal concentrate sales surged 38% to 4.67 Mt.

Sales of iron ore pellets were stable at 11.0 Mt, and iron ore concentrate sales climbed 14% to 6.26 Mt.