2Q09 operational results
July 15 2009 - 2:06AM
UK Regulatory
TIDMEVR
RNS Number : 6813V
Evraz Group S.A.
15 July 2009
for immediate release
EVRAZ GROUP 2Q 2009 OPERATIONAL RESULTS
July 15, 2009 - Evraz Group S.A. (LSE: EVR) today released its operational
results for the second quarter of 2009.
PRODUCTION VOLUMES*
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Product, '000 tonnes | 2Q | 2Q | 2Q | 1Q | 2Q 2009/ |
| unless | 2009 | 2008 |2009/ 2Q2008, | 2009 |1Q 2009, |
| otherwise stated | | | change** | |change** |
| | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Steel division | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coke (saleable) | 379 | 651 | (41.8)% | 415 | (8.7)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron | 2,523 | 3,628 | (30.5)% | 2,578 | (2.1)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron (saleable) | 16 | 275 | (94.1)% | 54 | (69.9)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 3,403 | 4,743 | (28.3)% | 3,390 | 0.4% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products, net | 3,272 | 4,299 | (23.9)% | 3,409 | (4.0)% |
| of re-rolled volumes | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Semi-finished | 1,148 | 993 | 15.6% | 1,187 | (3.3)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 959 | 1,604 | (40.2)% | 966 | (0.7)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Railway | 406 | 622 | (34.7)% | 417 | (2.6)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Flat-rolled | 408 | 734 | (44.4)% | 428 | (4.7)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Tubular | 153 | 137 | 11.6% | 266 | (42.5)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Other steel | 198 | 208 | (5.1)% | 144 | 37.3% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Russia | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coke (saleable) | 158 | 320 | (50.7)% | 118 | 33.5% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron | 2,142 | 3,065 | (30.1)% | 2,217 | (3.4)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron | 16 | 251 | (93.7)% | 48 | (67.6)% |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 2,587 | 3,572 | (27.6)% | 2,420 | 6.9% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products, net | 2,364 | 3,159 | (25.2)% | 2,309 | 2.4% |
| of re-rolled volumes | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Semi-finished | 1,084 | 1,127 | (3.9)% | 1,046 | 3.6% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 798 | 1,274 | (37.3)% | 843 | (5.3)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Railway | 285 | 512 | (44.3)% | 306 | (6.7)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Flat-rolled | 71 | 91 | (22.6)% | 43 | 62.3% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Other steel | 127 | 155 | (18.1)% | 72 | 77.0% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Ukraine | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coke (saleable) | 221 | 331 | (33.2)% | 297 | (25.6)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron | 235 | 363 | (35.4)% | 236 | (0.4)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron (saleable) | 1 | 24 | (97.4)% | 6 | (89.1)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 244 | 336 | (27.4)% | 241 | 1.4% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products, net | 227 | 305 | (25.6)% | 217 | 4.3% |
| of re-rolled volumes | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Semi-finished | 178 | 200 | (10.8)% | 188 | (5.2)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 45 | 94 | (52.1)% | 27 | 68.6% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Other steel | 3 | 11 | (69.7)% | 3 | 24.1% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Europe | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 66 | 206 | (67.9)% | 81 | (18.0)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products | 192 | 380 | (49.5)% | 202 | (5.1)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 17 | 44 | (61.4)% | 16 | 5.9% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Flat-rolled | 168 | 306 | (45.1)% | 183 | (7.9)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Other steel | 7 | 30 | (77.3)% | 4 | 86.9% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| North America 1 | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 355 | 414 | (14.3)% | 508 | (30.2)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products | 454 | 603 | (24.6)% | 606 | (25.1)% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 65 | 123 | (47.1)% | 69 | (5.2)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Railway | 121 | 110 | 9.9% | 112 | 8.4% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Flat-rolled | 115 | 232 | (50.4)% | 160 | (28.0)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Tubular | 153 | 137 | 11.6% | 266 | (42.5)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| South Africa | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pig iron | 146 | 199 | (26.8)% | 125 | 16.6% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Crude steel | 150 | 215 | (30.0)% | 141 | 7.0% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Rolled products | 149 | 186 | (20.0)% | 121 | 23.6% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Construction | 34 | 69 | (51.5)% | 12 | 178.4% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Flat-rolled | 55 | 105 | (47.9)% | 42 | 28.6% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Other steel | 61 | 12 | 397.7% | 66 | (8.0)% |
| products | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Mining division | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Iron ore (saleable | | | | | |
| products) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Lumping ore | 291 | 792 | (63.2)% | 406 | (28.3)% |
| (Ukraine) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Concentrate (Russia) | 1,582 | 867 | 82.5% | 946 | 67.3% |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Sinter | 844 | 1,899 | (55.5)% | 1,372 | (38.5)% |
| (Russia) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Pellets | 1,433 | 1,520 | (5.8)% | 1,224 | 17.1% |
| (Russia) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Iron ore | 58 | n/a | n/a | 124 | (53.4)% |
| fines | | | | | |
| (South | | | | | |
| Africa) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coal | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coking coal | 2,744 | 2,367 | 15.9% | 2,558 | 7.3% |
| (mined) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Steam coal | 881 | 676 | 30.3% | 1,250 | (29.5)% |
| (mined) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Concentrate | 1,741 | 1,902 | (8.5)% | 1,609 | 8.2% |
| (production) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Steam | 205 | 131 | 56.2% | 256 | (19.7)% |
| concentrate | | | | | |
| (production) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium (tonnes of V) 2 | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in slag | 3,230 | 2,814 | 14.8% | 3,121 | 3.5% |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in alloys | 1,867 | 4,239 | (56.0)% | 1,667 | 12.0% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Russia | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in slag | 3,230 | 2,814 | 14.8% | 3,121 | 3.5% |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Europe | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in alloys | 248 | 680 | (63.5)% | 0 | n/a |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| North America | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in alloys | 237 | 497 | (52.3)% | 258 | (8.1)% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| South Africa | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in slag | 0 | 0 | n/a | 0 | n/a |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Vanadium in alloys | 1,382 | 3,062 | (54.9)% | 1,409 | (1.9)% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Incl. | n/a | 1,131 | n/a | n/a | n/a |
| assets | | | | | |
| held for | | | | | |
| sale | | | | | |
| (Vanchem) | | | | | |
| 3 | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Equity investments | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Raspadskaya 4 | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
| Coking coal | 2,281 | 2,172 | 5.0% | 1,886 | 20.9% |
| (mined) | | | | | |
+-----------------------------------+--------+--------+---------------+--------+-----------+
* All information on production volumes of the enterprises presented in the
press release concerns only the period of their operation within Evraz
Group. The total volume of rolled steel products excludes those re-rolled at
other Group's plants. These volumes are eliminated as intercompany sales for
purposes of Evraz's consolidated operating results.
** Percentage changes may not be exact due to rounding.
1 Operational results of IPSCO Canada are consolidated into the Group since June
12, 2008.
2 Calculated in pure vanadium equivalent.
3 The disposal of the Vanchem operations was implemented with effect from August
29, 2008.
4 Evraz Group holds a 40% effective interest in OAO Raspadskaya.
AVERAGE SELLING PRICES
+----------------------------------+------------+-----------+----------+
| USD/tonne (ex works) unless | 2Q 2009 | 1Q 2009 | 2Q 2008 |
| otherwise stated | | | |
+----------------------------------+------------+-----------+----------+
| Steel division | | | |
+----------------------------------+------------+-----------+----------+
| Russia | | | |
+----------------------------------+------------+-----------+----------+
| Coke | 101 | 91 | 229 |
+----------------------------------+------------+-----------+----------+
| Pig iron | 242 | 213 | 524 |
+----------------------------------+------------+-----------+----------+
| Rolled products | | | |
+----------------------------------+------------+-----------+----------+
| Semi-finished | 284 | 258 | 729 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Construction | 428 | 374 | 1,024 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Railway products | 620 | 564 | 948 |
+----------------------------------+------------+-----------+----------+
| Flat-rolled | 414 | 413 | 1,010 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Other steel | 461 | 518 | 974 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Ukraine | | | |
+----------------------------------+------------+-----------+----------+
| Coke | 115 | 117 | 334 |
+----------------------------------+------------+-----------+----------+
| Pig iron | 244 | 217 | 577 |
+----------------------------------+------------+-----------+----------+
| Rolled products | | | |
+----------------------------------+------------+-----------+----------+
| Semi-finished | 386 | 338 | 794 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Construction | 417 | 443 | 929 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Other steel | 966 | 824 | 1,099 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Europe | | | |
+----------------------------------+------------+-----------+----------+
| Rolled products | | | |
+----------------------------------+------------+-----------+----------+
| Construction | 697 | 866 | 1,214 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Flat-rolled | 525 | 776 | 1,177 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Other steel | 842 | 1,362 | 1,203 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| North America | | | |
+----------------------------------+------------+-----------+----------+
| Rolled products | | | |
+----------------------------------+------------+-----------+----------+
| Construction | 599 | 721 | 1,120 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Railway products | 975 | 1,014 | 1,037 |
+----------------------------------+------------+-----------+----------+
| Flat-rolled | 734 | 975 | 1,600 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Tubular products | 1,545 | 1,702 | 1,625 |
+----------------------------------+------------+-----------+----------+
| South Africa | | | |
+----------------------------------+------------+-----------+----------+
| Rolled products | | | |
+----------------------------------+------------+-----------+----------+
| Construction | 658 | 604 | 1,013 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Flat-rolled | 618 | 716 | 904 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| Other steel | 272 | 358 | 908 |
| products | | | |
+----------------------------------+------------+-----------+----------+
| | | | |
+----------------------------------+------------+-----------+----------+
| Mining division | | | |
+----------------------------------+------------+-----------+----------+
| Iron ore | | | |
+----------------------------------+------------+-----------+----------+
| Lumping ore | 22 | 33 | 63 |
+----------------------------------+------------+-----------+----------+
| Concentrate | 50 | 40 | 89 |
+----------------------------------+------------+-----------+----------+
| Sinter | 44 | 49 | 121 |
+----------------------------------+------------+-----------+----------+
| Pellets | 37 | 40 | 115 |
+----------------------------------+------------+-----------+----------+
| Iron ore fines | 9 | 15 | n/a |
+----------------------------------+------------+-----------+----------+
| Coal | | | |
+----------------------------------+------------+-----------+----------+
| Coking coal | 27 | 32 | 86 |
+----------------------------------+------------+-----------+----------+
| Steam coal | 23 | 17 | 46 |
+----------------------------------+------------+-----------+----------+
| Concentrate | 61 | 56 | 162 |
+----------------------------------+------------+-----------+----------+
| Steam concentrate | 30 | 37 | 84 |
+----------------------------------+------------+-----------+----------+
| | | | |
+----------------------------------+------------+-----------+----------+
| Vanadium (USD/t of V) | | | |
+----------------------------------+------------+-----------+----------+
| Russia | | | |
+----------------------------------+------------+-----------+----------+
| Vanadium in slag | 6,475 | 7,259 | 28,692 |
+----------------------------------+------------+-----------+----------+
| Europe | | | |
+----------------------------------+------------+-----------+----------+
| Vanadium in alloys and | 21,047 | 48,445 | 62,849 |
| chemicals | | | |
+----------------------------------+------------+-----------+----------+
| North America | | | |
+----------------------------------+------------+-----------+----------+
| Vanadium in alloys and | 35,473 | 43,629 | 58,293 |
| chemicals | | | |
+----------------------------------+------------+-----------+----------+
| South Africa | | | |
+----------------------------------+------------+-----------+----------+
| Vanadium in slag | n/a | n/a | n/a |
+----------------------------------+------------+-----------+----------+
| Vanadium in alloys and | 17,708 | 26,555 | 65,406 |
| chemicals | | | |
+----------------------------------+------------+-----------+----------+
| Incl. assets held for sale | n/a | n/a | 58,532 |
| (Vanchem) | | | |
+----------------------------------+------------+-----------+----------+
Notes:
Semi-finished products include slabs (except Highveld), billets, pipe blanks and
other semi-finished products.
Construction products include beams, channels, angles, rebars, wire rods, wire,
and other construction products.
Railway products include rails, wheels, tyres and other railway products.
Flat-rolled products include commodity plate, specialty plate and other flat
products.
Tubular products include large diameter line pipes, ERW pipes and casings,
seamless pipes and other tubular products.
Other steel products include rounds, grinding balls, mine uprights, strips etc.
For Ukraine they also include railway products, for Europe - slabs and crane
rails; for South Africa - rails and slabs.
###
For further information:
Evraz Group
Investor Relations
Alexander Boreyko
Tel: +7 495 232 1370
IR@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. Evraz produced 17.7 million tonnes of crude steel in 2008,
ranking it the 15th largest steel producer in the world by volume. Its mining
operations fully cover the Group's current internal consumption of iron ore and
coking coal. Evraz's total audited consolidated revenues for the year ended 31
December 2008 were US$20,380 million and consolidated adjusted EBITDA was
US$6,323 million.
Please refer to Evraz's 2008 annual report (www.evraz.com/investor/reports) for
EBITDA reconciliation.
For further information please visit www.evraz.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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