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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Evraz Plc | LSE:EVR | London | Ordinary Share | GB00B71N6K86 | ORD USD0.05 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 82.68 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:3339S
Evraz Group S.A.
15 April 2008
FOR IMMEDIATE RELEASE
Evraz Group Releases 1Q 2008 Operational Results
April 15, 2008 - Evraz Group S.A. (LSE: EVR) today released its 1Q 2008
operational results as follows.
PRODUCTION VOLUMES*
Product, '000 tonnes unless 1Q 2008 1Q 2007 1Q 2008/ 4Q 2007 1Q 2008/
otherwise stated 1Q 2007 change 4Q 2007
change
Steel division
Pig iron 3,372 3,293 2.4% 3,332 1.2%
Crude steel 4,472 4,306 3.9% 4,267 4.8%
Rolled products, net of re-rolled 4,224 3,904 8.2% 3,998 5.7%
volumes
Semi-finished products 1,221 1,434 (14.9)% 1,143 6.8%
Construction products 1,447 1,201 20.5% 1,317 9.9%
Railway products 600 486 23.5% 621 (3.4)%
Flat-rolled products 618 469 31.8% 582 6.2%
Tubular products 148 99 49.5% 131 13.0%
Other steel products 191 215 (11.2)% 203 (5.9)%
Russia
Pig iron 3,190 3,293 (3.1)% 3,144 1.5%
Pig iron (saleable) 253 311 (18.6)% 272 (7.0)%
Crude steel 3,742 3,878 (3.5)% 3,620 3.4%
Rolled products, net of re-rolled 3,325 3,419 (2.7)% 3,223 3.2%
volumes
Semi-finished products 1,328 1,612 (17.6)% 1,319 0.7%
Construction products 1,230 1,104 11.4% 1,120 9.8%
Railway products 484 377 28.4% 500 (3.2)%
Flat-rolled products 121 110 10.0% 124 (2.4)%
Tubular products 2 3 (33.3)% 2 0.0%
Other steel products 162 211 (23.2)% 157 3.2%
Europe
Crude steel 195 229 (14.8)% 219 (11.0)%
Rolled products 326 298 9.4% 346 (5.8)%
Construction products 37 30 23.3% 39 (5.1)%
Flat-rolled products 268 265 1.1% 274 (2.2)%
Other steel products 22 3 n/a 34 (35.3)%
North America1
Crude steel 343 198 73.2% 221 55.2%
Rolled products 518 366 41.5% 429 20.7%
Construction products 110 68 61.8% 96 14.6%
Railway products 116 109 6.4% 120 (3.3)%
Flat-rolled products 145 94 54.3% 84 72.6%
Tubular products 146 96 52.1% 129 13.2%
South Africa2
Pig iron 182 n/a n/a 188 (3.2)%
Crude steel 193 n/a n/a 207 (6.8)%
Rolled products 162 n/a n/a 175 (7.4)%
Construction products 70 n/a n/a 62 12.9%
Flat-rolled products 84 n/a n/a 101 (16.8)%
Other steel products 8 n/a n/a 12 (33.3)%
Mining division
Iron ore (saleable products)
Concentrate 831 647 28.4% 914 (9.1)%
Sinter 1,932 2,235 (13.6)% 1,794 7.7%
Pellets 1,561 1,557 0.3% 1,416 10.2%
Coal3
Coking coal (mined) 2,421 142 n/a 1,931 25.4%
Steam coal (mined) 1,534 58 n/a 1,142 34.3%
Concentrate (production) 1,273 n/a n/a 881 44.5%
Steam concentrate (production) 216 0 n/a 0 n/a
Vanadium (tonnes of V)4
Vanadium in slag (saleable) 2,733 2,888 (5.4)% 2,889 (5.4)%
Vanadium in alloys and chemicals 4,408 1,385 218.3% 3,916 12.6%
Russia
Vanadium in slag (saleable) 2,733 2,888 (5.4)% 2,889 (5.4)%
Europe
Vanadium in alloys and chemicals 456 0 n/a 0 n/a
(saleable)
North America
Vanadium in alloys and chemicals 549 530 3.6% 520 5.6%
(saleable)
South Africa
Vanadium in alloys and chemicals 3,403 855 298.0% 3,395 0.2%
(saleable)
Equity investment
Raspadskaya5
Coking coal (mined) 2,909 3,273 (11.1)% 3,258 (10.7)%
* 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.
1 Operational results of Evraz Oregon Steel Mills are consolidated into the
Group since 12 January 2007.
Operational results of Claymont Steel are consolidated into the Group since
January 2008.
2 Operational results of Highveld Steel and Vanadium Corporation are
consolidated since May 2007.
3 Operational results of Yuzhkuzbassugol are consolidated into the Group since
8 June 2007
4 Calculated in pure vanadium equivalent.
5 Evraz Group holds a 40% effective interest in OAO Raspadskaya.
AVERAGE SELLING PRICES
USD/tonne (ex works) unless otherwise stated 1Q 2008 1Q 2007 4Q 2007
Steel division
Russia
Pig iron 367 253 323
Rolled products
Semi-finished products 512 397 467
Construction products 714 578 677
Railway products 844 658 755
Flat-rolled products 617 522 592
Tubular products 765 668 694
Other steel products 703 516 649
Europe
Rolled products
Construction products 1,063 832 1,027
Flat-rolled products 1,023 827 949
Other steel products 1,035 925 894
North America
Rolled products
Construction products 753 664 655
Railway products 877 809 821
Flat-rolled products 1,505 1,088 1,783
Tubular products 1,417 1,333 1,383
South Africa
Rolled products
Construction products 878 n/a 884
Flat-rolled products 627 n/a 701
Other steel products 625 n/a 597
Mining division
Iron ore
Concentrate 86 67 71
Sinter 106 82 88
Pellets 107 82 88
Coal
Coking coal 71 42 50
Steam coal 60 53 26
Concentrate 149 n/a 109
Steam concentrate 76
Vanadium (USD/t of V)
Russia
Vanadium in slag 26,469 12,000 14,049
Europe
Vanadium in alloys and chemicals 66,397
North America
Vanadium in alloys and chemicals 48,533 36,074 39,351
South Africa
Vanadium in alloys and chemicals 42,395 33,191 35,368
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 Europe they also include slab and crane rails; for South Africa - billets
and rails.
###
For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com
Evraz Group S.A. is one of the largest vertically-integrated steel and mining
businesses. In 2007, Evraz Group produced 16.4 million tonnes of crude steel.
Evraz Group's principal assets include three of the leading steel plants in
Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and
Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Evraz
Vitkovice Steel in the Czech Republic, Evraz Oregon Steel Mills and Claymont
Steel in the USA. Its fast-growing mining businesses comprise Evrazruda, the
Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes,
Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company.
The mining assets enable Evraz Group to be a vertically-integrated steel
producer. Evraz Group also owns and operates the Nakhodka commercial sea port,
in the Far East of Russia. Evraz vanadium operations comprise Strategic Minerals
Corporation, USA, and Highveld Steel and Vanadium Corporation, South Africa. For
further information visit www.evraz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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