Severstal increased steel production in the 2nd quarter of 2014 by 5% due to growth in the division Severstal Russian Steel, and in the division of Severstal North America. Thus, produced during this period was 4,148 million tons. Pig iron production remained unchanged at 2,695 million tons. This is stated in the financial statements of the company. For the first half steel production rose 3% to 8.08 million tons, pig iron by 1% to 5.39 million tonnes.
Consolidated sales of steel products increased 10% due to growth in seasonal demand in the Russian steel market, strong export markets (division of Russian Steel) and strong demand in the United States (for division Severstal North America).
The pricing environment was favorable for the Russian Steel division in the second quarter of the price of virtually all types of rolled products increased; prices for the products of the division Severstal North America has remained largely stable; the prices for coking coal concentrate and iron ore prices showed a further decline, following trends on world markets, the company said.