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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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Given that the converter shop maintenance is expected to continue until the end of October, steel production is expected to decrease by approximately 17% in Q4 2012 compared to Q3 2012.
NORTH AMERICA
Hot Features
Premium
Product, '000 tonnes Q3 2012* Q3 2011 Q3 2012/ Q2 2012 Q3 2012/
Q3 2011, Q2 2012,
change change
-------------------------- --------- -------- ---------- -------- ----------
Crude steel 611 599 2.1% 616 (0.8)%
Steel products, net
of re-rolled volumes 664 675 (1.6)% 678 (2.1)%
Construction products 78 81 (3.4)% 79 (1.9)%
Railway products 115 121 (4.7)% 134 (13.9)%
Flat-rolled products 252 236 7.1% 254 (0.5)%
Tubular products 219 238 (8.2)% 211 3.5%
-------------------------- --------- -------- ---------- -------- ----------
* Q3 2012 production volumes are preliminary
In Q3 2012, EVRAZ's North American steel output remained flat as our North American steel mills have continued to operate at high utilisation levels.
Rail production decreased by 14% compared to Q2 2012 due to scheduled annual maintenance at the Pueblo rail mill in September 2012. It decreased by 5% year-on-year, because, besides the regular maintenance of the rail mill in September 2011, crude steel production at EVRAZ Pueblo is limited and in Q3 2011 available crude steel volumes were shifted to production of construction products from rail production.
Production of tubular goods decreased by 8% compared to the same period last year as a result of a market slowdown leading in particular to temporary idling of the Camrose DSAW mill. Spiral weld pipe production was lower vs Q3 2011mainly due to a switch from 36 inch to 30 inch pipe in 2012 that resulted in a 9,000 tonnes decrease in production volumes. In Q3 2012 tubular goods production grew up 4% against the Q2 2012 volumes that were impacted by a Canadian National railroad strike and a labour dispute in Camrose in May 2012.
In Q4 2012 the rail mill is expected to be fully utilised as rail demand remains strong. Flat-rolled production is expected to grow slightly vs Q3 2012. Spiral pipe capacity in Canada is expected to be fully utilised under existing contracts. Overall demand for OCTG drilling activity remains stable with some slight signs of temporary weakness, while the seamless market is expected to remain solid in the near term.
EUROPE
Product, '000 tonnes Q3 2012 Q3 2011 Q3 2012/ Q2 2012 Q3 2012/
Q3 2011, Q2 2012,
change change
-------------------------- -------- -------- ---------- -------- ----------
Crude steel 81 181 (55.1)% 197 (58.6)%
Steel products 237 270 (12.4)% 267 (11.3)%
Construction products 26 32 (19.5)% 0 n/a
Flat-rolled products 207 216 (4.1)% 243 (14.7)%
Other steel products 4 22 (83.8)% 23 (84.7)%
-------------------------- -------- -------- ---------- -------- ----------
Production of crude steel at EVRAZ Vitkovice Steel (EVS) in Q3 2012 decreased by 55% compared to Q3 2011 and by 59% compared to Q2 2012 as the steel plant did not operate in July-August 2012 due to scheduled yearly maintenance. Meanwhile, production of steel products decreased by only 12% and 11% respectively as the plate mill used purchased slabs for its operations.
Production of flat-rolled products decreased by 4% vs. Q3 2011 and by 15% vs. Q2 2012 in response to weakening plate demand in the European markets, as well as a two week scheduled maintenance of the plate mills in the Czech Republic and Italy in August 2012.
The EVS heavy section mill, which was temporarily closed in February due to weak demand in Europe, resumed operations in July as a result of margin and price improvement.
On 11 October the crude steel production at EVRAZ Vitkovice Steel was temporarily closed due to low demand and the company's plan to reduce its inventory. The rolling mill and heavy section mills will remain open as the company has open orders through the end of 2012.
Q4 2012 crude steel production plans will be driven by market demand.
SOUTH AFRICA
Product, '000 tonnes Q3 2012 Q3 2011 Q3 2012/ Q2 2012 Q3 2012/
Q3 2011, Q2 2012,
change change
----------------------------- -------- -------- ---------- -------- ----------
Pig iron 84 116 (27.1)% 163 (48.3)%
Crude steel 78 120 (35.3)% 153 (49.3)%
Steel products 65 111 (40.9)% 124 (47.3)%
Semi-finished products 0 16 n/a 3 n/a
Finished products 65 95 (31.1)% 121 (46.1)%
Construction products 27 32 (17.4)% 41 (34.8)%
Flat-rolled products 35 55 (36.5)% 66 (47.5)%
Other steel products 4 8 (49.9)% 14 (72.4)%
----------------------------- -------- -------- ---------- -------- ----------
In Q3 2012 production of crude steel and steel products at EVRAZ Highveld Steel and Vanadium decreased compared to last year and to the previous quarter as a result of a four-week industrial action initiated by Highveld's largest union NUMSA. An agreement has been reached between EVRAZ Highveld and NUMSA, and the steelworks re-commenced operations on 13 August 2012.
It is expected that the steelworks will return to full production in October and the output of crude steel and steel products will increase compared to Q3 2012.
MINING
IRON ORE
Product, '000 tonnes Q3 2012 Q3 2011 Q3 2012/ Q2 2012 Q3 2012/
Q3 2011, Q2 2012,
change change
-------------------------------- -------- -------- ---------- -------- ----------
Iron ore products 5,158 5,436 (5.1)% 5,258 (1.9)%
Lumpy ore (Ukraine) 559 724 (22.8)% 735 (23.9)%
Concentrate, saleable
(Russia) 1,569 1,734 (9.5)% 1,427 9.9%
Sinter (Russia) 1,128 1,009 11.8% 1,130 (0.1)%
Pellets (Russia) 1,397 1,465 (4.7)% 1,528 (8.6)%
Fines ore (South Africa) 153 186 (18.0)% 132 15.8%
Lumpy ore (South Africa) 352 317 11.1% 307 14.7%
-------------------------------- -------- -------- ---------- -------- ----------
Overall production of saleable iron ore products by the Company decreased by 5% compared to Q3 2011 and was flat compared to Q2 2012.
Sukha Balka produced 23% and 24% less lumpy ore compared to Q3 2011 and Q2 2012 respectively due to production being scaled down as a result of a skip conveyor repositioning at the Yubileynaya mine that started in mid-September and is expected to continue until mid-November. Production of lumpy ore is expected to remain almost flat in Q4 2012 compared to Q3 2012.
Production of saleable concentrate in Russia increased by 10% in Q3 2012 compared to the previous quarter as a result of higher iron ore production. Pellets production decreased by 5% compared to Q3 2011 and by 9% compared to Q2 2012 due to kiln repair at EVRAZ KGOK iron ore processing plant.
COAL
Product, '000 tonnes Q3 2012 Q3 2011 Q3 2012/ Q2 2012 Q3 2012/
Q3 2011, Q2 2012,
change change
---------------------------- -------- -------- ---------- -------- ----------
Raw coking coal (mined) 2,313 1,237 86.9% 1,935 19.5%
Raw steam coal (mined) 892 889 0.3% 700 27.3%
Coking coal concentrate
(production) 1,627 1,391 17.0% 1,575 3.3%
Steam coal concentrate
(production) 132 338 (61.0)% 190 (30.7)%
---------------------------- -------- -------- ---------- -------- ----------
Equity investments -
Raspadskaya(*)
Coking coal (mined) 1,378 1,212 13.7% 1,843 (25.3)%
---------------------------- -------- -------- ---------- -------- ----------
* Reported numbers are for 100% production. As at 30 September 2012 EVRAZ held a 41% effective interest in the Raspadskaya coal company.
Coking coal
In Q3 2012, raw coking coal production at Yuzhkuzbassugol increased by 87% compared to Q3 2011 and by 20% compared to Q2 2012 due to the absence of longwall repositionings at the mines in Q3 2012. The growth of raw coking coal production led to bigger production volumes of coking coal concentrate.
Q4 2012 coking coal production is expected to decrease, largely driven by a 60-day longwall repositioning at the Osinnikovskaya mine.
Steam coal
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