EVRAZ Q1 2013 Production Report and Interim Management Statement
EVRAZ plc (LSE: EVR) today releases its operational results for the first quarter of 2013 and the Interim Management Statement.
Q1� 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS:
�� � � � � � � Both consolidated crude steel production and output of steel products (net of re-rolled volumes)� increased by 11% due to lower downtime at steelmaking capacities in Q1� 2013 compared to Q4� 2012
·� � � � � � � Consolidated production of finished steel goods slightly increased (+2% vs. Q4� 2012)
·� � � � � � � Production at EVRAZ ZSMK rail mill� recommenced on� 15 January 2013 following the successful completion of the modernisation project
·� � � � � � � EVRAZ NTMK completed the implementation of the PCI project
·� � � � � � � Consolidated output of iron ore products remained broadly flat at 5.2 million tonnes of saleable iron ore products
·� � � � � � � Raw coking coal production rose by 9%, with a 14% increase at Yuzhkuzbassugol and 3% at Raspadskaya� �
·� � � � � � � In February 2013, the Company commissioned Yerunakovskaya VIII mine which has a full production capacity of 2.5 million tonnes of coking coal per annum to be reached by the year-end
·� � � � � � � Average selling prices for most key steel product groups marginally increased or remained flat compared to Q4� 2012
·� � � � � � � In January 2013, EVRAZ completed the acquisition of an indirect controlling interest in Raspadskaya for US$964 million, payable in equity and cash consideration, bringing effective interest to 82%
·� � � � � � � In March 2013, EVRAZ executed a non-binding term sheet for potential sale of EVRAZ Highveld
·� � � � � � � In April 2013, the Company acquired a 51% stake in Timir, a joint venture with Alrosa, created for the development of iron ore deposits in Yakutia, Russia for ca. US$160 million
·� � � � � � � In April 2013, Evraz Group S.A., a wholly owned subsidiary of EVRAZ, priced an issuance of US$1,000� million 7-year Eurobonds with a coupon of 6.50% per annum
·� � � � � � � In Q1 2013 preliminary� capital expenditure totalled US$255� million
�
�
STEEL
Product, �000 tonnes |
Q1� 2013 |
Q4� 2012 |
Q1� 2013/ Q4� 2012, change |
Q1� 2012 |
Q1 2013/ Q1 2012, change |
|
|
Coke (saleable) |
356 |
345 |
3.2% |
304 |
17.1% |
|
Pig iron |
3,153 |
3,086 |
2.2% |
3,050 |
3.4% |
|
Pig iron (saleable) |
46 |
145 |
(68.3)% |
22 |
109.1% |
|
Crude steel |
4,068 |
3,663 |
11.1% |
4,327 |
(6.0)% |
|
Steel products, gross |
4,032 |
3,683 |
9.5% |
4,150 |
(2.8)% |
|
Steel products, net of re-rolled volumes |
3,619 |
3,266 |
10.8% |
3,717 |
(2.6)% |
|
Semi-finished products |
937 |
637 |
47.1% |
733 |
27.8% |
|
Finished products |
2,683 |
2,629 |
2.1% |
2,984 |
(10.1)% |
|
Construction products |
1,236 |
1,293 |
(4.4)% |
1,319 |
(6.3)% |
|
Railway products |
383 |
376 |
1.9% |
552 |
(30.6)% |
|
Flat-rolled products |
647 |
557 |
16.2% |
705 |
(8.2)% |
|
Tubular products |
231 |
245 |
(5.7)% |
206 |
12.1% |
|
Other steel products |
186 |
158 |
17.7% |
202 |
(7.9)% |
|
Note.� Numbers in this table and the tables below may not add to totals due to rounding.
In Q1 2013, EVRAZ�s overall production of� crude steel increased by 11% compared to Q4� 2012, mainly due to absence of overhauls and lengthy maintenance works at EVRAZ’s Russian and Ukrainian steel mills. The� resumption of operations of the� EVRAZ Vitkovice steelmaking shop in the Czech Republic also contributed to higher crude steel output in Q1� 2013.
Consolidated production of finished steel goods was largely flat quarter-on-quarter, while total steel products (including semi-finished) increased by 11% primarily� due to higher output of semi-finished products in Russia. As a result, the share of finished steel products as a percentage of total production of steel products totalled 74% in Q1 2013 compared to80% in Q4 2012.
Download full version
###
For further information:
Media Relations:
Oleg Kuzmin
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
.
|
EXPLORATION STAGE |
CODE : EVGPY |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Evraz is a tungsten producing company based in Luxembourg. Its main exploration property is PINE CREEK MINE in USA. |