PAO Severstal : Severstal reports Q3 2021 -3-

2. Russian Steel Division sales by product

Sales volumes 
                                    Q3 2021 Q2 2021 qoq   9m 2021 9m 20201 Yoy 
Kt 
Total steel products                 2,704   2,691  0%     8,037   8,093   (1%) 
Semi-finished products               489     317    54%    1,065   261     308% 
Hot-rolled steel:                    1,115   1,101  1%     3,408   4,252   (20%) 
  incl. Hot-rolled high value added  229     209    10%    638     531     20% 
Cold-rolled coil                     248     280    (11%)  785     661     19% 
Galvanized and metallic coated coil  216     255    (15%)  746     690     8% 
Colour coated coil                   86      119    (28%)  288     373     (23%) 
Long products                        181     174    4%     524     573     (9%) 
Metalware products                   139     176    (21%)  458     429     7% 
Large diameter pipes                 90      75     20%    225     129     74% 
Other tubes, pipes, formed shapes    135     194    (30%)  533     725     (26%) 
Steel solutions                      5       -      n/a    5       -       n/a 

3. Russian Steel Division sales by destination

Sales volumes 
                      Q3 2021 Q2 2021 qoq   9m 2021 9m 20201 Yoy 
Kt 
Total steel products   2,704  2,691   0%     8,037   8,093   (1%) 
Russia                 1,313  1,482   (11%)  4,051   4,837   (16%) 
Export                 1,391  1,209   15%    3,986   3,256   22% 1. These data include adjustments made in connection with the change in presentation described inSeverstal's quarterly financial statements 

4. Russian Steel Division average prices

Sales price, USD/tonne                Q3 2021 Q2 2021 qoq 9m 2021 9m 20201 Yoy 
Semi-finished products               646    624     4%   611     373     64% 
Hot-rolled steel                     1,009  846     19%  823     446     85% 
incl. Hot-rolled high value added    1,035  789     31%  828    574      44% 
Cold-rolled coil                     1,155  1,001   15%  968     536     81% 
Galvanized and metallic coated coil  1,449  1,213   19%  1,148   639     80% 
Colour coated coil                   1,599  1,427   12%  1,389   789     76% 
Long products                        754    673     12%  664     419     58% 
Metalware products                   1,491  1,097   36%  1,205   852     41% 
Large diameter pipes                 822    752     9%   770     811     (5%) 
Other tubes, pipes, formed shapes    986    941     5%   867     492     76% 
Steel solutions                     1,517   n/a     n/a 1,517   n/a      n/a 
Weighted average selling price       1,012  906     12%  873     513     70% 1. These data include adjustments made in connection with the change in presentation described inSeverstal's quarterly financial statements 

5. Resource Division sales

Kt                       Q3 2021 Q2 2021 qoq   9m 2021 9m 2020 yoy 
Coal                      810    1,149   (30%)  3,257   4,331  (25%) 
Coking coal concentrate   722    905     (20%)  2,615   3,445  (24%) 
Steam coal                88     244     (64%)  642     886    (28%) 
Iron ore                  4,560  4,659   (2%)   13,361  13,445 (1%) 
Iron ore pellets          2,847  3,001   (5%)   8,493   8,112  5% 
Iron ore concentrate      1,713  1,658   3%     4,868   5,333  (9%) 

6. Vorkutaugol operating highlights

Kt                             Q3 2021 Q2 2021 qoq   9m 2021 9m 2020 yoy 
Run of mine: coal production,  1,696   2,047   (17%) 6,037   7,806   (23%) 
Coking coal concentrate sales  722     905     (20%) 2,615    3,445  (24%) 
Internal consumption           683     867     (21%) 2,503    3,229  (22%) 
Third party                    39      38      3%    112      216    (48%) 

7. Karelsky Okatysh iron ore pellets production and sales volumes

Kt                    Q3 2021 Q2 2021 qoq   9m 2021 9m 2020 yoy 
Production            2,849   2,916   (2%)  8,616    8,022  7% 
Pellets sales         2,847   3,001   (5%)  8,493    8,112  5% 
Internal consumption  2,328   2,238   4%    6,859    8,078  (15%) 
Third party           519     763     (32%) 1,634    34     n/a 

8. Iron ore concentrate sales volumes

Kt                Q3 2021 Q2 2021 qoq  9m 2021 9m 2020 yoy 
Olcon             1,073   1,088   (1%) 3,157    3,287  (4%) 
Yakovlevskiy      627     570     10%  1,698    1,315  29% 
Karelsky Okatysh  13      0       n/a  13       731    (98%) 
Total             1,713   1,658   3%   4,868    5,333  (9%) 

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

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ISIN:           US8181503025 
Category Code:  QRT 
TIDM:           SVST 
LEI Code:       213800OKDPTV6K4ONO53 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
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October 18, 2021 03:00 ET (07:00 GMT)