TIDMEVR
RNS Number : 3976J
Evraz Plc
16 July 2013
EVRAZ Q2 2013 PRODUCTION REPORT
16 July 2013 - EVRAZ plc (LSE: EVR) today releases its
operational results for the second quarter of 2013.
Q2 2013 OPERATIONAL HIGHLIGHTS:
-- Consolidated crude steel production was flat in Q2 2013 vs.
Q1 2013 and the Company's key steelmaking facilities in Russia and
North America continued operating at high utilisation rates
-- Output of steel products increased by 3% mostly driven by
strong demand for construction products in Russia and growth of
output of rails in Russia at the modernised EVRAZ ZSMK rail mill.
Share of finished steel products improved to 77% in Q2 2013 vs. 74%
in Q1 2013
-- The PCI project at EVRAZ NTMK became fully operational early in Q2 2013
-- Output of iron ore products was largely flat in Q2 2013 with
the main focus on cost-cutting and implementation of operational
efficiency initiatives
-- Yuzhkuzbassugol's raw coking coal output grew by 6% as
Yerunakovskaya-VIII and other mines achieved robust performance,
while Raspadskaya decreased output by 25% vs. Q1 2013 due to
suspension of mining at the Raspadskaya mine and repositioning of
longwall at the MUK-96 mine
-- Average selling prices for most key steel product groups
softened in line with the global steel market
STEEL
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 398 356 11.9% 411 -2.9%
Pig iron 3,106 3,153 -1.5% 2,889 7.5%
Pig iron (saleable) 45 46 -2.8% 27 65.3%
Crude steel 4,079 4,069 0.2% 4,035 1.1%
Steel products, gross * 4,092 4,022 1.7% 3,965 3.2%
Steel products, net of re-rolled
volumes 3,690 3,601 2.5% 3,584 3.0%
Semi-finished products ** 838 928 -9.7% 803 4.3%
Finished products 2,852 2,673 6.7% 2,780 2.6%
Construction products 1,334 1,238 7.7% 1,249 6.8%
Railway products 496 381 30.2% 490 1.2%
Flat-rolled products 642 643 -0.1% 648 -0.9%
Tubular products 199 226 -11.9% 211 -5.8%
Other steel products 181 186 -2.3% 183 -0.9%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Note. Numbers in this table and the tables below may not add to
totals due to rounding.
* Gross volume of steel products in the tables includes those
re-rolled at other EVRAZ's mills. However, such volumes are
eliminated as intercompany sales for purposes of EVRAZ's
consolidated operating results.
** Consolidated production volumes of semi-finished products are
preliminary as intra-group re-rolling volumes are yet to be
finalised.
The Q2 2013 overall production of crude steel remained flat
quarter-on-quarter, as higher output in Russia was largely offset
by lower output at other operations.
Consolidated production of finished steel goods increased by 7%
vs. Q1 2013 mostly driven by stronger construction and railway
products' output in Russia. As a result, the share of finished
steel products as a percentage of total production of steel
products, net of re-rolled volumes, improved to 77% in Q2 2013
compared to 74% in Q1 2013.
RUSSIA
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 185 148 24.9% 139 33.3%
Pig iron 2,694 2,748 -2.0% 2,487 8.3%
Pig iron (saleable) 39 44 -10.0% 22 76.9%
Crude steel 3,003 2,948 1.9% 2,819 6.6%
Steel products, gross 2,797 2,726 2.6% 2,667 4.9%
Steel products, net of re-rolled
volumes 2,744 2,640 4.0% 2,564 7.0%
Semi-finished products 1,106 1,173 -5.7% 949 16.6%
Finished products 1,638 1,467 11.7% 1,615 1.4%
Construction products 1,067 993 7.5% 1,037 2.9%
Railway products 379 261 45.3% 356 6.5%
Flat-rolled products 52 64 -19.1% 84 -38.7%
Other steel products 140 149 -6.1% 138 1.7%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
In Q2 2013, pig iron output from the Russian steelmaking
facilities (EVRAZ NTMK and EVRAZ ZSMK) decreased by 2% compared to
Q1 2013 due to planned week-long maintenance works at blast
furnaces at both plants and a 20-day repair of a sintering machine
at EVRAZ ZSMK. Meanwhile, in the reporting quarter the production
of pig iron increased by 8% vs. Q2 2012 thanks to the halving of
downtime at blast furnaces.
In Q2 2013, the crude steel production improved by 2% vs. Q1
2013 due to increasing steel output at a modernised electric arc
furnace (EAF) at EVRAZ ZSMK. The growth of crude steel output in Q2
2013 vs. Q2 2012 largely tracked the increased volumes of pig
iron.
The production of coke saleable to third parties grew in the
reporting quarter by 25% due to a lower internal consumption of
coke in blast furnaces at EVRAZ NTMK after the commissioning of PCI
project at the end of 2012 and which reached the designed
parameters in April 2013. The implementation of the PCI project
provides for the reduction in consumption of coke from 405 kg to
315 kg per tonne of pig iron and a decrease in consumption of
natural gas from 130 m3/t to 75 m3/t of pig iron on the back of
usage of 133 kg PCI coal per tonne of pig iron.
In Q2 2013, gross production of steel products rose by 3% vs.
the previous quarter, and the volume of steel products, net of
volumes re-rolled into finished products within the Russian steel
mills, increased by 4%. The output of finished products increased
by 12% and was driven by the higher volumes both of construction
products (+8%) due to strong demand in the Russian construction
market and of railway products (+45%) as a result of continuing
gradual ramp-up of the rail mill at EVRAZ ZSMK. The solid growth in
output of finished products contributed to the improvement in the
product mix of the Russian steelmaking plants.
In the reporting quarter, following successful laboratory tests,
the head hardened rails from the new rail mill were delivered to
the Russian Railways for life cycle tests. The new rails will have
to withstand at least 100 million tonnes of cargo transported on
them. The process of certification is expected to be completed by
the end of 2013, which would pave the way for commercial sales of
head hardened rails starting from 2014.
In Q2 2013 the works on the PCI project at EVRAZ ZSMK continued,
while the schedule of implementation of the project was revisited
and extended to decrease planned capital expenditure requirements
in the current year.
Production of flat-rolled products decreased by 19% vs. Q1 2013
and by 39% vs. Q2 2012 following the closure of the plate rolling
mill at EVRAZ ZSMK in June 2013, being a part of ongoing cost
saving initiatives as a result of the current market
environment.
In Q3 2013, there are a series of maintenance works scheduled at
one of EVRAZ NTMK's blast furnaces and at Russian steel mills'
converter shops which will reduce the crude steel output by
approximately 125 thousand tonnes.
In Q2 2013, average selling prices for steel products somewhat
softened reflecting the continuing downward trend in the global
steel, iron ore and coking coal markets. At the same time, however,
domestic demand from the Russian construction industry was robust
with average monthly volumes of rebars consumption reaching
all-time highs. Prices for railway products also softened. At the
same time the launch of the new rail mill at EVRAZ ZSMK provided
support to the average selling price for this product group. In
addition, the negative price trends in railway products were
partially offset by the lower cost of purchases of scrap.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
-------------------------- -------- -------- --------
Coke 172 178 201
Pig iron 290 291 465
Steel products
Semi-finished products 410 419 510
Construction products 652 674 683
Railway products 839 910 909
Flat-rolled products 559 573 628
Other steel products 664 685 728
-------------------------- -------- -------- --------
NORTH AMERICA
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Crude steel 551 562 -1.9% 616 -10.5%
Steel products, net of re-rolled
volumes 687 707 -2.8% 678 1.3%
Construction products 103 85 21.6% 79 29.9%
Railway products 117 120 -2.7% 134 -13.0%
Flat-rolled products 269 276 -2.8% 254 5.9%
Tubular products 199 226 -11.9% 211 -5.8%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
In Q2 2013, crude steel production at EVRAZ's North American
operations decreased by 2% compared to Q1 2013 due to unplanned
maintenance works at EVRAZ Pueblo and inventory optimisation of
finished tubular goods.
The increase in the output of construction products by 22% in Q2
2013 vs. Q1 2013 was due to a faultless operation of the rod &
bar mill.
In Q2 2013, the output of railway products was affected by fine
tuning of the equipment to accommodate the order of the Russian
Railways and by the deficit of steel for production of rails.
The decrease in output of flat-rolled products in Q2 2013 by 3%
vs. Q1 2013 was driven by reduced demand in tubular and plate
markets and stock optimisation programmes launched at North
American facilities.
The output of tubular products decreased by 12%
quarter-on-quarter due to lower drilling activity in Western Canada
and in the US as well as due to increased imports to the North
American market. In response to the market conditions the Company
adjusted crews and undertook initiatives to optimise
work-in-progress and finished goods stockpiles.
In Q3 2013, the Company expects to increase output of steel
products to meet the improved market demand in flat and tubular
products. Output of tubular products will grow as the ramp-up of
Portland Spiral mill progresses, OCTG demand in Western Canada
picks up, as well as thanks to a new line pipe order at
Camrose.
In Q2 2013, prices for construction, railway and flat-rolled
products reflected relatively robust local market demand, while
prices for tubular products continued to be pressured by imports
and high inventory levels at distributors.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
----------------------- -------- -------- --------
Construction products 775 792 890
Railway products 955 935 1,031
Flat-rolled products 872 874 1,086
Tubular products 1,322 1,381 1,566
----------------------- -------- -------- --------
UKRAINE
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
------------------------------ -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 213 208 2.6% 272 -21.5%
Pig iron 254 231 9.8% 239 6.3%
Pig iron (saleable) 5 2 132% 5 11.7%
Crude steel 265 244 8.7% 251 5.8%
Steel products 214 211 1.3% 215 -0.6%
Semi-finished products 78 83 -5.7% 98 -19.9%
Finished products 135 128 5.9% 117 15.7%
Construction products 109 106 3.4% 92 19.0%
Other steel products 26 22 17.8% 25 3.5%
------------------------------ -------- -------- ------------------------- -------- -------------------------
In Q2 2013, pig iron and crude steel production increased by 10%
and 9% respectively vs. Q1 2013 due to more efficient operation of
blast furnaces. However, production of steel products was flat as
part of crude steel in the form of ingots was stockpiled for the
period of scheduled 45-day maintenance at one of the rolling mills
in Q3 2013.
In Q3 2013, maintenance works are scheduled at two blast
furnaces with lower crude steel output to be compensated by
re-rolling of accumulated ingots.
Prices for construction and semi-finished products remained
largely stable in Q2 2013 compared to Q1 2013 thanks to the solid
demand in the Russian and other export markets.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
-------------------------- -------- -------- --------
Coke 226 214 201
Pig iron 383 389 465
Steel products
Semi-finished products 476 475 547
Construction products 600 610 660
Other steel products 937 894 924
-------------------------- -------- -------- --------
EUROPE
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Crude steel 100 140 -28.7% 197 -49.2%
Steel products, gross 259 254 1.8% 281 -7.7%
Steel products, net of re-rolled
volumes 257 247 3.8% 267 -3.7%
Construction products 17 14 19.9% 0 n/a
Flat-rolled products 234 228 2.7% 243 -3.7%
Other steel products 6 5 6.9% 23 -75.5%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
After resuming operations in Q1 2013, the EVRAZ Vitkovice Steel
(EVS) steelmaking shop was again temporarily suspended for a month
in April 2013, which resulted in a 29% decrease in production of
crude steel. However, the EVS rolling mills remained operational
throughout Q2 2013 and demonstrated better performance in
construction products following the completion of repairs on the
heavy section mill in mid-March 2013. Moreover the output of
flat-rolled products increased by 11% in Q2 2013 vs. Q1 2013 and
amounted to 142 thousand tonnes.
From July 2013 the EVS steelmaking shop has been idled again for
annual maintenance and summer holiday, as well as in response to
market conditions.
In Q2 2013, EVRAZ Palini e Bertoli in Italy reduced its output
of flat-rolled products to 92 thousand tonnes from 100 thousand
tonnes in Q1 2013 as a result of subdued demand in the market.
The prices for steel products of EVRAZ Europe recorded a minor
decrease in Q2 2013 reflecting the continuing uncertainty in the
European economy.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
----------------------- -------- -------- --------
Construction products 871 890 n/a
Flat-rolled products 665 683 775
----------------------- -------- -------- --------
SOUTH AFRICA
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
------------------------------ -------- -------- ------------------------- -------- -------------------------
Pig iron 158 174 -8.9% 163 -3.0%
Crude steel 159 175 -9.0% 153 4.2%
Steel products 135 124 8.6% 124 8.4%
Semi-finished products 0 0 n/a 3 -100.0%
Finished products 135 124 8.6% 121 11.0%
Construction products 38 41 -8.0% 41 -7.6%
Flat-rolled products 87 74 18.0% 66 31.7%
Other steel products 9 9 7.8% 14 -32.9%
------------------------------ -------- -------- ------------------------- -------- -------------------------
In Q2 2013, output of pig iron and crude steel at EVRAZ Highveld
Steel and Vanadium decreased by 9% vs. Q1 2013, due to high
electricity tariffs and some operational issues in the blast
furnace process.
The output of finished products rose by 9% compared to Q1 2013,
mainly due to the increased output of flat-rolled products that
increased by 18%, quarter-on-quarter, on the back of recovering
demand for plate and coil in South Africa.
Prices on various product groups demonstrated divergent trends
in Q2 2013 vs. Q1 2013, while the pricing for the key product group
- flat-rolled products remained stable.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
----------------------- -------- -------- --------
Construction products 767 789 673
Flat-rolled products 721 721 738
Other steel products 733 643 673
----------------------- -------- -------- --------
MINING
IRON ORE
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
-------------------------------- -------- -------- ------------------------- -------- -------------------------
Concentrate, saleable (Russia) 1,216 1,230 -1.2% 1,427 -14.8%
Sinter (Russia) 1,171 1,198 -2.2% 1,130 3.7%
Pellets (Russia) 1,575 1,544 2.1% 1,528 3.1%
Lumpy ore (Ukraine) 770 691 11.5% 735 4.8%
Fines ore (South Africa) 188 164 14.8% 132 43.0%
Lumpy ore (South Africa) 379 376 0.8% 307 23.5%
-------------------------------- -------- -------- ------------------------- -------- -------------------------
Overall production of saleable iron ore products by the Company
increased by 2% in Q2 2013 compared to Q1 2013 and by 1% compared
to Q2 2012.
In Q2 2013, production of saleable iron ore products in Russia
remained broadly unchanged with the reduction of mined volumes of
the Irba mine at Evrazruda being almost fully compensated by
enhanced performance of EVRAZ KGOK and EVRAZ VGOK.
From 1 July 2013 the Company has permanently shut down the Irba
mine, which was deemed to be a high cost operation uneconomic in
the current environment. This initiative is part of a wider
strategic plan targeting the closure and/or disposal of less
efficient operations and the development of promising mines where
the Company believes it is feasible to improve productivity and
sustainably achieve economies of scale at a reasonably low cost. In
the mid-term the Company expects that the loss of output from
closed mines should be broadly offset by additional volumes from
modernised operations. The measures undertaken should result in
lowered cash costs for the Company and support economically
efficient vertical integration in the longer run.
EVRAZ Sukha Balka increased production of lumpy ore by 12% in Q2
2013 compared to Q1 2013 due to lower downtime in the reporting
quarter and by 5% compared to the same period last year due to a
productivity increase at the Yubileynaya mine as a result of a
de-bottlenecking initiative at the end of 2012.
The output of iron ore products at the Mapochs mine of EVRAZ
Highveld grew quarter-on-quarter and year-on-year due to improved
utilisation rates of production facilities.
The prices for the key iron ore product groups of the Company -
pellets and sinter in Russia - increased in the second quarter to
$95 and $87 per tonne respectively, reflecting a rebound in global
iron ore prices from Q1 2013, while prices for saleable concentrate
remained unchanged.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
unless otherwise stated
--------------------------------- -------- -------- --------
Iron ore products
Concentrate, saleable (Russia) 91 91 94
Sinter (Russia) 87 70 98
Pellets (Russia) 95 79 94
Lumpy ore (Ukraine) 68 63 67
Fines ore (South Africa) 25 35 16
--------------------------------- -------- -------- --------
COAL*
Product, '000 tonnes Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Raw coking coal (mined) 4,332 4,751 -8.8% 3,778 14.7%
Yuzhkuzbassugol 2,632 2,490 5.7% 1,935 36.0%
Raspadskaya 1,700 2,261 -24.8% 1,843 -7.8%
Coking coal concentrate
(production) 3,469 3,382 2.6% 2,712 27.9%
Produced at Yuzhkuzbassugol coal
washing plants 1,460 1,280 14.0% 1,027 42.1%
Produced at EVRAZ ZSMK coal
washing plant 658 644 2.2% 548 20.3%
Produced at Raspadskaya coal
washing plant 1,351 1,457 -7.3% 1,138 18.7%
Raw steam coal (mined) 476 19 2,427% 700 -32.1%
Steam coal concentrate
(production) 53 10 421% 190 -72.4%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
* 2012 data for Raspadskaya is on a pro-forma basis, as
Raspadskaya is being consolidated in the results of EVRAZ from 16
January 2013.
Coking coal
In Q2 2013, raw coking coal production decreased by 9% compared
to Q1 2013 but increased by 15% vs. Q2 2012, while the results of
key coal mining assets of the Company - Yuzhkuzbassugol and
Raspadskaya varied greatly. The output of raw coking coal at
Yuzhkuzbassugol increased by 6% compared to Q1 2013 and by 36%
compared to Q2 2012 due to a number of reasons, including the
smooth ramp-up of the Yerunakovskaya VIII mine, which was
commissioned at the end of February 2013 and produced 356 thousand
tonnes of coking coal in Q2 2013 (compared to 146 thousand tonnes
in Q1 2013) and is expected to reach the nameplate capacity by
2014. On top of this, the Alardinskaya mine has operated at a
higher capacity since the beginning of the year, and the Uskovskaya
mine demonstrated stable performance in the reporting period while
it was closed for a longwall repositioning in Q2 2012. The
increased output by the above-mentioned mines fully compensated for
loss of production due to suspension of mining at the
Osinnikovskaya mine following an accident in March 2013.
Meanwhile, in Q2 2013 raw coal production by the Raspadskaya
coal company decreased by 25% compared to Q1 2013 mainly due to
temporary suspension of mining works at the Raspadskaya underground
mine in May-June 2013 and the scheduled repositioning of a longwall
at the underground mine MUK-96. The mining operations at the
Raspadskaya underground mine were pre-emptively suspended due to
excessive concentration of carbon monoxide in certain areas. Having
completed the required actions to rectify the situation,
Raspadskaya has been open again since 5 July 2013.
Production of coking coal concentrate increased by 3% vs. Q1
2013 and by 28% vs. Q2 2012 due to the higher production of raw
coking coal by the Yerunakovskaya VIII mine and the commencement of
processing of some raw coking coal of KS grade mined at the
Alardinskaya mine.
Commencing mid-June 2013, the Uskovskayamine has been undergoing
alongwall repositioning that will last approximately 45 days. In
addition, a longwall repositioning is planned at one of the two
seams at the Alardinskaya mine since the middle of September.
The blended average selling prices for coking coal concentrate
decreased from $100/t to $90/t in Q2 2013 vs. Q1 2013 due to the
challenging situation in the global coal markets and softening
domestic demand.
Steam coal
The Kusheyakovskaya mine resumed production of raw steam coal
following completion of longwall repositioning from December 2012
and throughout Q1 2013. The Gramoteinskaya mine remained
suspended.
The changes in production of the steam coal concentrate in the
reporting period tracked the volumes of output of raw steam
coal.
In Q3 2013 the Kusheyakovskaya mine is expected to remain
operational.
Average selling prices
USD/tonne (ex works) Q2 2013 Q1 2013 Q2 2012
-------- -------- --------
unless otherwise stated
------------------------- -------- -------- --------
Raw coking coal 60 61 79
Raw steam coal 29 12 30
Coking coal concentrate 90 100 135
Steam coal concentrate 49 - 55
------------------------- -------- -------- --------
VANADIUM
Product, tonnes of V* Q2 2013 Q1 2013 Q2 2013/ Q1 2013, change Q2 2012 Q2 2013/ Q2 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Vanadium in slag (gross
production) 5,473 5,363 2.1% 5,343 2.4%
Russia 3,562 3,735 -4.6% 3,683 -3.3%
South Africa 1,911 1,628 17.4% 1,660 15.1%
Vanadium in final products
(saleable)
Ferrovanadium 3,194 3,188 0.2% 3,769 -15.3%
Produced at own facilities 1,892 1,872 1.1% 1,899 -0.3%
Processed at 3(rd) parties'
facilities 1,302 1,317 -1.1% 1,871 -30.4%
Nitrovan(R) 708 715 -0.8% 763 -7.2%
Oxides, vanadium aluminum and
chemicals 433 491 -11.7% 329 31.6%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
* Calculated in pure vanadium equivalent.
In Q2 2013, EVRAZ's total production of primary vanadium
(vanadium in slag) increased by 2% compared to Q1 2013 and also to
Q2 2012, mainly as a result of improved vanadium extraction yields
at EVRAZ Highveld Steel and Vanadium following plant maintenance
and reduction of unprocessed stock.
Production of finished vanadium products remained broadly flat
quarter-on-quarter as a result of better slag availability in South
Africa.
The decrease in production of ferrovanadium in Q2 2013 compared
to Q2 2012 is mainly attributable to lower volumes processed at
third parties' facilities, while the Company's own plants operated
at full capacity in Q1 and Q2 2013.
Production of oxides, vanadium aluminum and chemicals decreased
in Q2 2013 compared to Q1 2013 due to shortage of feedstock at
EVRAZ Stratcor operations.
Average selling prices
USD/tonne of V (ex works) Q2 2013 Q1 2013 Q2 2012
------------------------------------------ -------- -------- --------
Ferrovanadium 28,094 28,814 25,405
Nitrovan(R) 29,781 30,690 29,815
Oxides, vanadium aluminium and chemicals 35,646 33,266 34,524
------------------------------------------ -------- -------- --------
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 cut shapes; for South Africa -
rails.
###
For further information:
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
EVRAZ is a vertically integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, USA,
Canada, Czech Republic, Italy and South Africa. EVRAZ is among the
top steel producers in the world based on crude steel production of
15.9 million tonnes in 2012. In 2012 EVRAZ sold 15.3 million tonnes
of steel products. A significant portion of the company's internal
consumption of iron ore and coking coal is covered by its mining
operations. The company's consolidated revenues for the year ended
31 December 2012 were US$14,726 million, and consolidated EBITDA
amounted to US$2,012 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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