Annual Report & Accounts 2013
Severstal Annual Report 2013 Home > Performance > Severstal Russian Steel > Key 2013 highlights:
 

Key 2013 highlights:

  • In 2013, Russian steel consumption grew by an estimated 3.4 per cent and reached 40.1 million tonnes.
  • According to the World Steel Association (WCA), domestic steel production in Russia reached 69.4 million tonnes, 2.25 per cent lower than in 2012. Average capacity use in the domestic steel industry was around 80 per cent, almost at 2012 levels. Both world and local markets continued to suffer from overcapacity, so average steel prices and volumes declined during the year. To view the dynamics of our steel sales volumes and prices in 2013, please see the charts below.
  • In 2013, Severstal Russian Steel sold a total of 10.6 million tonnes of steel products (excluding scrap), including 6.7 million tonnes to the domestic market. We managed to keep our utilization rate at around 95 per cent, above the local industry average of 80 per cent.
  • In 2014, we are expecting approximately three per cent growth in Russian steel consumption. The key drivers will be construction and the oil and gas industry.
  • In 2014, our strategy in Russia will be to focus on expanding into the most attractive market niches and to continue with operational improvements. The launch of the Balakovo mini-mill in Q2 2014 and the ramping up of new capacities, will give us a larger market share locally.

Dynamics of Severstal Russian Steel’s sales volumes in 2013 (excluding scrap), (in thousand tonnes)

Dynamics of Severstal Russian Steel’s average steel prices in 2013, US$/t

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