PAO Severstal reported consolidated sales results for the fourth quarter and full year 2020. For the quarter, the company reported consolidated sales of steel products declined 18% quarter over quarter to 2.45 million tonnes in fourth quarter 2020 (third quarter 2020: 2.99 million tonnes), reflecting the high base effect on sales volumes of third quarter 2020, along with a higher share of exports with a longer realisation period in the sales mix, and a decline in production quarter over quarter. Sales volumes of coking coal concentrate from Vorkutaugol increased 3% quarter over quarter to 1.26 million tonnes as a result of 1ZH concentrate output growth quarter over quarter. Sales volumes of iron ore pellets increased by 8% to 2.83 million tonnes (third quarter 2020: 2.61 million tonnes) on the back of growth in iron ore pellet production at Karelsky Okatysh quarter over quarter. Sales volumes of iron ore concentrate declined by 11% to 1.74 million tonnes (third quarter 2020: 1.96 million tonnes), primarily driven by higher output at the Yakovlevskiy mine, which was offset by lower production at Karelsky Okatysh due to seasonal factors and increased pellet sales. For the year, the company reported steel sales volumes declined 4% year over year due to lower production volumes of EAF steel following the sale of the Balakovo mini-mill in 2019. Iron ore concentrate sales volumes grew 13% year over year to 7.07 million tonnes (full year 2019: 6.26 million tonnes) driven by output growth at Karelsky Okatysh and the Yakovlevskiy mine year over year. Coking coal concentrate sales volumes from Vorkutaugol increased 1% year over year.