steelmaker OAO Severstal reported lower iron ore and coking
coal sales in the first three quarters of this year compared
with the same period in 2012.
Iron ore concentrate
sales totaled 3.51 million tonnes, down 3 percent from 3.62
million tonnes in the first nine months of last year, while
coking coal concentrate sales of 5.44 million tonnes slipped
1.8 percent from 5.54 million tonnes in the same
Iron ore pellet sales
fell 6.3 percent to 2.51 million tonnes in the third quarter
from 2.68 million tonnes in the previous three months due
partly to what the company said were "exceptionally high" sales
in the second quarter.
Iron ore pellet prices
have averaged $105 per tonne this year, down 8 percent from the
first nine months of 2012, while prices for coking coal
concentrate dropped 22 percent to $110 per tonne in the same
reported lower steel product sales in the third quarter due to
weaker domestic and export market demand.
A version of this article was first published by AMM sister
publication Steel First.