PAO Severstal reported consolidated operating results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported production of crude steel (Russian Steel) were 3,012,107 tonnes against 2,943,903 tonnes a year ago. Production of hot metal (Russian Steel) was 2,343,386 against 2,231,663 a year ago.

For the year, the company reported production of crude steel (Russian Steel) were 11,651,166 tonnes against 11,630,333 tonnes a year ago. Production of hot metal (Russian Steel) was 9,157,526 against 9,317,516 a year ago.

For the year 2018, the company anticipates an increase in production volumes of additional 40kt of pellets at Karelsky Okatysh and additional 370kt of coking coal concentrate at Vorkutaugol. Yakovlevskiy mine iron ore output is estimated to be c.1.3 million tonnes for 2018. Severstal Russian Steel production volumes growth will be positively impacted by a new ladle furnance (+75kt of crude steel) and a new HDG (+400kt) and colour-coating (+200kt) unit.