UPDATE 2-Russia Severstal Q2 net misses f'cast on foreign ops

* Severstal Q2 net $192 mln, Reuters poll forecast $319 mln

* Q2 sales $4.25 bln, poll forecast $4.12 bln

* EBITDA $955 mln, poll forecast $849 mln

* Co sees steel prices up after soft start to Q3

* Severstal shares fall 0.2 pct, underperform index

(Adds CEO remarks, analyst comments, share price)

MOSCOW, Sept 6 (Reuters) - Severstal, (CHMF.MM: Quote) Russia's largest steel maker, swung to a second-quarter net profit of $192 million, missing analysts' forecasts, as it lost money on its Italian mills and its U.S. operations stayed in the red.

The company sold a 50.8 percent stake in its loss-making Italian business to Severstal Chief Executive Alexei Mordashov in June, and said on Monday that it had an impairment loss of $208 million on the operations in the quarter. [ID:nLDE65T2A2]

The company's results were up from a year ago when it posted a net loss of $290 million, but short of the $319 million average forecast in a poll of analysts.