OAO Severstal - SNA Accident

Mon Jan 7, 2008 10:23am EST

* Reuters is not responsible for the content in this press release.

RNS Number:2341L
OAO Severstal
07 January 2008

                         SEVERSTAL NORTH AMERICA, INC.

DEARBORN, Mich., January 7, 2008 - As a result of an accident on 5 January at
its small blast furnace, Blast Furnace "B", Severstal North America, (SNA), has
halted production at this facility pending a comprehensive damage assessment a
company investigation into the cause.

Blast Furnace "B" was in regular operation when eruption breached the furnace
and, regrettably, injured a passing on-site contractor.

Blast Furnace "B" is the smaller of SNA's two furnaces and is used to produce
pig iron for subsequent conversion into steel. "B" Furnace's daily production is
1 800 tons. SNA's primary "C" Blast Furnace, a newly rebuilt state-of-the-art
facility, was completely unaffected by the accident at Blast Furnace "B", but is
likely to be temporarily suspended as part of the overall investigation.

Further information, including the duration and likely impact on production of
the outage, will be reported as it is known.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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