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Presentation - Severstal

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REVENUE Dynamics and Breakdown<br />

Q3 2010 Revenue $3,935m (Q2 2009: $4,245m; -7.3%)<br />

Resources growth against steel seasonal sales decline<br />

9M 2010 Revenue $11,322m (9M 2009: $7,915m; +43.0%)<br />

Strong growth across all segments to last year<br />

Q2 2010 Q3 2010<br />

9M 2009 9M 2010<br />

(487)<br />

Intersegment, etc.<br />

(404)<br />

Intersegment, etc.<br />

(1,175)<br />

(525)<br />

<strong>Severstal</strong> Resources<br />

870<br />

914<br />

<strong>Severstal</strong> Resources<br />

1,250<br />

2,378<br />

<strong>Severstal</strong> North America<br />

1,447<br />

1,161<br />

<strong>Severstal</strong> North America<br />

2,965<br />

3,777<br />

<strong>Severstal</strong> Russian Steel<br />

2,415<br />

2,264<br />

<strong>Severstal</strong> Russian Steel<br />

4,225<br />

6,342<br />

-1,500 -500 500 1,500 2,500 3,500 4,500 5,500 6,500<br />

-1,500 -500 500 1,500 2,500 3,500 4,500 5,500 6,500<br />

6

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