Evraz 2Q 2010 operational results
July 15 2010 - 2:00AM
UK Regulatory
TIDMEVR
RNS Number : 3901P
Evraz Group S.A.
15 July 2010
EVRAZ GROUP 2Q 2010 OPERATIONAL RESULTS
15 July 2010 - Evraz Group S.A. (LSE: EVR) today released its operational
results for the second quarter of 2010.
PRODUCTION VOLUMES
+-----------------------+-------+-------+---------+-------+---------+
| Product, '000 tonnes | 2Q | 2Q | 2Q | 1Q | 2Q |
| unless | 2010 | 2009 | 2010/ | 2010 | 2010/ |
| otherwise stated | | | 2Q | | 1Q |
| | | | 2009, | | 2010, |
| | | | change | | change |
+-----------------------+-------+-------+---------+-------+---------+
| Steel | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coke (saleable) | 467 | 379 | 23.3% | 616 | (24.2)% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron | 3,093 | 2,523 | 22.6% | 2,991 | 3.4% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron (saleable) | 20 | 16 | 21.3% | 20 | (2.6)% |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 4,282 | 3,403 | 25.8% | 3,997 | 7.1% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products, net | 3,736 | 3,261 | 14.6% | 3,570 | 4.7% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Semi-finished | 977 | 1,197 | (18.4)% | 949 | 3.0% |
| products | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 1,210 | 959 | 26.2% | 1,197 | 1.1% |
+-----------------------+-------+-------+---------+-------+---------+
| Railway products | 525 | 406 | 29.2% | 451 | 16.4% |
+-----------------------+-------+-------+---------+-------+---------+
| Flat-rolled products | 636 | 408 | 55.9% | 632 | 0.7% |
+-----------------------+-------+-------+---------+-------+---------+
| Tubular products | 215 | 151 | 42.1% | 193 | 11.2% |
+-----------------------+-------+-------+---------+-------+---------+
| Other steel products | 173 | 139 | 24.1% | 147 | 17.0% |
+-----------------------+-------+-------+---------+-------+---------+
| Russia | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coke (saleable) | 158 | 158 | (0.1)% | 261 | (39.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron | 2,688 | 2,142 | 25.5% | 2,571 | 4.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron (saleable) | 16 | 16 | 3.5% | 19 | (13.8)% |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 3,117 | 2,587 | 20.5% | 2,897 | 7.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products, net | 2,856 | 2,364 | 20.8% | 2,596 | 10.0% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Semi-finished | 1,282 | 1,084 | 18.3% | 1,106 | 15.9% |
| products | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 923 | 798 | 15.7% | 913 | 1.2% |
+-----------------------+-------+-------+---------+-------+---------+
| Railway products | 430 | 285 | 50.8% | 360 | 19.4% |
+-----------------------+-------+-------+---------+-------+---------+
| Flat-rolled products | 71 | 71 | 1.1% | 90 | (20.5)% |
+-----------------------+-------+-------+---------+-------+---------+
| Other steel products | 149 | 127 | 17.1% | 128 | 16.2% |
+-----------------------+-------+-------+---------+-------+---------+
| Ukraine | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coke (saleable) | 309 | 221 | 40.0% | 355 | (12.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron | 231 | 235 | (1.6)% | 240 | (3.6)% |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron (saleable) | 4 | 1 | 463.9% | 1 | 138.4% |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 238 | 244 | (2.5)% | 249 | (4.2)% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products | 213 | 227 | (6.1)% | 222 | (4.3)% |
+-----------------------+-------+-------+---------+-------+---------+
| Semi-finished | 109 | 178 | (39.1)% | 120 | (9.7)% |
| products | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 95 | 45 | 110.5% | 96 | (1.9)% |
+-----------------------+-------+-------+---------+-------+---------+
| Other steel products | 10 | 3 | 184.7% | 6 | 68.0% |
+-----------------------+-------+-------+---------+-------+---------+
| Europe | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 165 | 66 | 149.4% | 96 | 72.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products | 330 | 192 | 72.2% | 248 | 33.4% |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 49 | 17 | 191.5% | 36 | 35.5% |
+-----------------------+-------+-------+---------+-------+---------+
| Flat-rolled products | 274 | 168 | 63.0% | 205 | 33.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Other steel products | 7 | 7 | 5.1% | 6 | 16.5% |
+-----------------------+-------+-------+---------+-------+---------+
| North America | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 585 | 355 | 65.0% | 574 | 2.0% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products, net | 609 | 453 | 34.7% | 627 | (2.8)% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 94 | 65 | 43.8% | 104 | (10.1)% |
+-----------------------+-------+-------+---------+-------+---------+
| Railway products | 94 | 121 | (21.9)% | 90 | 4.5% |
+-----------------------+-------+-------+---------+-------+---------+
| Flat-rolled products | 206 | 115 | 79.1% | 239 | (13.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Tubular products | 215 | 151 | 42.1% | 193 | 11.2% |
+-----------------------+-------+-------+---------+-------+---------+
| South Africa | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Pig iron | 174 | 146 | 19.1% | 180 | (3.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Crude steel | 176 | 150 | 17.1% | 183 | (3.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Rolled products | 141 | 149 | (5.1)% | 154 | (7.9)% |
+-----------------------+-------+-------+---------+-------+---------+
| Semi-finished | 0 | 59 | n/a | 0 | n/a |
| products | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Construction products | 49 | 34 | 46.1% | 48 | 3.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Flat-rolled products | 85 | 55 | 55.7% | 98 | (13.5)% |
+-----------------------+-------+-------+---------+-------+---------+
| Other steel products | 7 | 2 | 268.3% | 8 | (7.0)% |
+-----------------------+-------+-------+---------+-------+---------+
| | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Mining | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Iron ore (saleable | | | | | |
| products) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Lumping ore | 242 | 291 | (16.9)% | 476 | (49.2)% |
| (Ukraine) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Concentrate (Russia) | 1,471 | 1,582 | (7.1)% | 1,421 | 3.5% |
+-----------------------+-------+-------+---------+-------+---------+
| Sinter (Russia) | 1,114 | 844 | 32.0% | 1,007 | 10.6% |
+-----------------------+-------+-------+---------+-------+---------+
| Pellets (Russia) | 1,369 | 1,433 | (4.4)% | 1,323 | 3.5% |
+-----------------------+-------+-------+---------+-------+---------+
| Iron ore fines (South | 147 | 58 | 154.4% | 166 | (11.6)% |
| Africa) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coal | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coking coal (mined) | 1,444 | 2,744 | (47.4)% | 2,211 | (34.7)% |
+-----------------------+-------+-------+---------+-------+---------+
| Steam coal (mined) | 1,051 | 881 | 19.3% | 1,300 | (19.2)% |
+-----------------------+-------+-------+---------+-------+---------+
| Concentrate | 1,435 | 1,741 | (17.6)% | 1,711 | (16.2)% |
| (production) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Steam concentrate | 458 | 205 | 123.2% | 332 | 38.0% |
| (production) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Vanadium (tonnes of | | | | | |
| V) 1 | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Vanadium in slag | 5,478 | 4,613 | 18.7% | 5,060 | 8.3% |
| (gross production) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Russia | 3,433 | 3,230 | 6.3% | 3,158 | 8.7% |
+-----------------------+-------+-------+---------+-------+---------+
| South Africa | 2,045 | 1,383 | 47.8% | 1,901 | 7.5% |
+-----------------------+-------+-------+---------+-------+---------+
| Vanadium in final | | | | | |
| products (saleable) | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Ferrovanadium | 3,618 | 1,494 | 142.2% | 3,873 | (6.6)% |
+-----------------------+-------+-------+---------+-------+---------+
| Produced at own | 1,421 | 248 | 472.3% | 1,407 | 1.0% |
| facilities | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Processed at 3rd | 2,197 | 1,245 | 76.4% | 2,466 | (10.9)% |
| parties' facilities | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Nitrovan | 652 | 434 | 50.2% | 661 | (1.3)% |
+-----------------------+-------+-------+---------+-------+---------+
| Oxides, vanadium | 251 | 178 | 40.6% | 355 | (29.3)% |
| aluminium and | | | | | |
| chemicals | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Equity investments | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Raspadskaya 2 | | | | | |
+-----------------------+-------+-------+---------+-------+---------+
| Coking coal (mined) | 1,747 | 2,281 | (23.4)% | 3,031 | (42.3)% |
+-----------------------+-------+-------+---------+-------+---------+
· 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.
· Numbers may not add to totals due to rounding. Percent changes based on
numbers prior to rounding.
1 Calculated in pure vanadium equivalent.
2 Evraz Group holds a 40% effective interest in OAO Raspadskaya.
AVERAGE SELLING PRICES
+----------------------------+----------+----------+----------+
| USD/tonne (ex works) | 2Q 2010 | 1Q 2010 | 2Q 2009 |
| unless otherwise stated | | | |
+----------------------------+----------+----------+----------+
| Steel division | | | |
+----------------------------+----------+----------+----------+
| Russia | | | |
+----------------------------+----------+----------+----------+
| Coke | 229 | 164 | 100 |
+----------------------------+----------+----------+----------+
| Pig iron | 411 | 325 | 241 |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Semi-finished products | 457 | 333 | 282 |
+----------------------------+----------+----------+----------+
| Construction products | 624 | 500 | 427 |
+----------------------------+----------+----------+----------+
| Railway products | 677 | 673 | 611 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 632 | 503 | 398 |
+----------------------------+----------+----------+----------+
| Other steel products | 679 | 550 | 456 |
+----------------------------+----------+----------+----------+
| Ukraine | | | |
+----------------------------+----------+----------+----------+
| Coke | 295 | 234 | 115 |
+----------------------------+----------+----------+----------+
| Pig iron | 413 | 363 | 244 |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Semi-finished products | 472 | 366 | 387 |
+----------------------------+----------+----------+----------+
| Construction products | 588 | 473 | 417 |
+----------------------------+----------+----------+----------+
| Other steel products | 994 | 1,110 | 968 |
+----------------------------+----------+----------+----------+
| Europe | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 761 | 684 | 698 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 694 | 579 | 525 |
+----------------------------+----------+----------+----------+
| Other steel products | 933 | 813 | 842 |
+----------------------------+----------+----------+----------+
| North America | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 816 | 724 | 602 |
+----------------------------+----------+----------+----------+
| Railway products | 977 | 924 | 975 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 934 | 798 | 734 |
+----------------------------+----------+----------+----------+
| Tubular products | 1,389 | 1,342 | 1,565 |
+----------------------------+----------+----------+----------+
| South Africa | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 673 | 675 | 658 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 669 | 655 | 618 |
+----------------------------+----------+----------+----------+
| Other steel products | 799 | 814 | 632 |
+----------------------------+----------+----------+----------+
| | | | |
+----------------------------+----------+----------+----------+
| Mining division | | | |
+----------------------------+----------+----------+----------+
| Iron ore | | | |
+----------------------------+----------+----------+----------+
| Lumping ore | 58 | 35 | 22 |
+----------------------------+----------+----------+----------+
| Concentrate | 96 | 70 | 50 |
+----------------------------+----------+----------+----------+
| Sinter | 102 | 51 | 44 |
+----------------------------+----------+----------+----------+
| Pellets | 105 | 49 | 37 |
+----------------------------+----------+----------+----------+
| Iron ore fines | 43 | 26 | 9 |
+----------------------------+----------+----------+----------+
| Coal | | | |
+----------------------------+----------+----------+----------+
| Coking coal | 66 | 55 | 27 |
+----------------------------+----------+----------+----------+
| Steam coal | 26 | 25 | 23 |
+----------------------------+----------+----------+----------+
| Concentrate | 145 | 113 | 61 |
+----------------------------+----------+----------+----------+
| Steam concentrate | 75 | 52 | 30 |
+----------------------------+----------+----------+----------+
| | | | |
+----------------------------+----------+----------+----------+
| Vanadium (USD/t of V) | | | |
+----------------------------+----------+----------+----------+
| Vanadium in final products | | | |
+----------------------------+----------+----------+----------+
| Ferrovanadium | 30,898 | 23,838 | 18,452 |
+----------------------------+----------+----------+----------+
| Nitrovan | 31,423 | 26,142 | 20,366 |
+----------------------------+----------+----------+----------+
| Oxides, vanadium aluminium | 39,417 | 36,614 | 43,423 |
| and chemicals | | | |
+----------------------------+----------+----------+----------+
Notes:
Semi-finished products include slabs, 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.
###
For further information
Media contact:
Alex Agoureev
VP, Public Relations
+7 985 122 4822
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+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. The Company was ranked the 14th largest steel producer in the
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's
internal consumption of iron ore and coking coal is covered by its mining
operations. Evraz's consolidated revenues for the year ended 31 December 2009
were US$9,772 million and consolidated adjusted EBITDA amounted to US$1,237
million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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