PAO Severstal : Severstal reports Q2 2021 -3-

2. Russian Steel Division sales by product

Sales volumes, kt                   Q2 2021 Q1 2021 qoq  6m 2021 6m 20201 yoy 
Total steel products                2,691   2,642   2%   5,333   5,147    4% 
Semi-finished products              317     259     22%  576     205      181% 
Hot-rolled coil and plate           1,101   1,192   (8%) 2,293   2,770    (17%) 
Cold-rolled coil                    280     257     9%   537     408      32% 
Galvanised and metallic coated coil 255     275     (7%) 530     406      31% 
Colour coated coil                  119     83      43%  202     211      (4%) 
Long products                       174     169     3%   343     391      (12%) 
Metalware products                  176     143     23%  319     282      13% 
Large diameter pipes                75      60      25%  135     44       n/a 
Other tubes, pipes, formed shapes   194     204     (5%) 398     430      (7%) 

3. Russian Steel Division sales by destination

Sales volumes, kt     Q2 2021 Q1 2021 qoq   6m 2021 6m 20201 yoy 
Total steel products  2,691   2,642   2%    5,333   5,147    4% 
Russia                1,482   1,256   18%   2,738   2,963    (8%) 
Export                1,209   1,386   (13%) 2,595   2,184    19%  1. These data include adjustments made in connection with the change in presentation described in Severstal's 

quarterly financial statements

4. Russian Steel Division average prices

Sales price, USD/tonne                Q2 2021 Q1 2021 qoq 6m 2021 6m 20201 yoy 
Semi-finished products              624     527     18% 581     376      55% 
Hot-rolled coil and plate           846     627     35% 732     453      62% 
Cold-rolled coil                    1,001   752     33% 882     556      59% 
Galvanized and metallic coated coil 1,213   852     42% 1,026   639      61% 
Colour coated coil                  1,427   1,120   27% 1,300   782      66% 
Long products                       673     558     21% 616     423      46% 
Metalware products                  1,097   1,059   4%  1,080   862      25% 
Large diameter pipes                752     714     5%  735     785      (6%) 
Other tubes, pipes, formed shapes   941     718     31% 826     500      65% 
Weighted average selling price      906     696     30% 802     513      56%  1. These data include adjustments made in connection with the change in presentation described in Severstal's 

quarterly financial statements

5. Resource Division sales

kt                       Q2 2021 Q1 2021 qoq   6m 2021 6m 2020 yoy 
Coal                     1,149   1,298   (11%) 2,447   2,815   (13%) 
Coking coal concentrate  905     988     (8%)  1,893   2,227   (15%) 
Steam coal               244     310     (21%) 554     588     (6%) 
Iron ore                 4,659   4,142   12%   8,801   8,872   (1%) 
Iron ore pellets         3,001   2,645   13%   5,646   5,499   3% 
Iron ore concentrate     1,658   1,497   11%   3,155   3,373   (6%) 

6. Vorkutaugol operating highlights

kt                             Q2 2021 Q1 2021 qoq   6m 2021 6m 2020 yoy 
Run of mine: coal production,  2,047   2,294   (11%) 4,341   5,231   (17%) 
Coking coal concentrate sales  905     988     (8%)  1,893   2,227   (15%) 
Internal consumption           867     953     (9%)  1,820   2,058   (12%) 
Third party                    38      35      9%    73      169     (57%) 

7. Karelsky Okatysh ("KO") iron ore pellets production and sales volumes

kt                    Q2 2021 Q1 2021 qoq  6m 2021 6m 2020 yoy 
Production            2,916   2,851   2%   5,767   5,420   6% 
Pellets sales         3,001   2,645   13%  5,646   5,499   3% 
Internal consumption  2,238   2,293   (2%) 4,531   5,499   (18%) 
Third party           763     352     117% 1,115   0       n/a 

8. Iron ore concentrate sales volumes

kt             Q2 2021 Q1 2021 qoq 6m 2021 6m 2020 yoy 
Olcon          1,088   996     9%  2,084   2,106   (1%) 
Korpanga       570     501     14% 1,071   896     20% 
KO             0       0       n/a 0       371     n/a 
Total          1,658   1,497   11% 3,155   3,373   (6%) 

For further information, please contact:

Severstal Investor Relations

Vladimir Zaluzhsky, Nikita Klimantov

T: [phone]

[e-mail]

[e-mail]

Severstal Public Relations

Anastasia Mishanina

T: [phone]

[e-mail]

Severstal's financial communications agent - Hudson Sandler

Andrew Leach / Emily Dillon

T: [phone]

***

P?? 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 USD6,870 mln and EBITDA of USD2,422 mln in 2020. Severstal's crude steel production in 2020 reached 11.3 mln tonnes. www.severstal.com -----------------------------------------------------------------------------------------------------------------------

ISIN:           US8181503025 
Category Code:  IR 
TIDM:           SVST 
LEI Code:       213800OKDPTV6K4ONO53 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   117744 
EQS News ID:    1219500 
 
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July 16, 2021 03:00 ET (07:00 GMT)