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Fourth Quarter ending 31 December 2014 Operational Results
EVRAZ Highveld Steel and Vanadium Limited
Registration number: 1960/001900/06
(Incorporated in the Republic of South Africa)
Share code: EHS
ISIN ZAE000146171
(“the Company”)
Fourth Quarter ending 31 December 2014 Operational Results
Following the practice of the holding company, EVRAZ plc, to release quarterly operational
information, EVRAZ Highveld Steel and Vanadium Limited hereby releases its results as follows:
PRODUCTION VOLUMES
4Q 2014/ 4Q 2014/
Unit of 3Q 2014, 4Q 2013,
Notes 4Q 2014 3Q 2014 4Q 2013
measure % %
change change
Steel segment
Hot metal Tons 1 167 975 154 049 9 161 203 4
Continuously cast blocks Tons 2 160 215 141 486 13 163 698 (2)
Sections Tons 55 823 54 945 2 44 745 25
Plates Tons 3 43 367 19 864 118 41 065 6
Coil Tons 3 29 969 25 182 19 30 680 (2)
Vanadium slag Kg V 5 2 030 568 1 764 731 15 1 662 830 22
Fines ore Tons 4 196 431 189 691 4 144 876 36
Vanadium segment
Ferrovanadium (FeV) Kg V 5 1 125 777 961 380 17 1 317 070 (15)
WEIGHTED AVERAGE SELLING PRICES
4Q 2014/ 4Q 2014/
Unit of
Notes 4Q 2014 3Q 2014 3Q 2014, 4Q 2013 4Q 2013,
measure
% change % change
Steel segment
Total Steel R/ton 7 334 7 138 3 6 703 9
Vanadium slag R/Kg V 6 77 80 (4) 77 (1)
Fines ore R/ton 6 494 535 (8) 200 147
Vanadium segment
Ferrovanadium R/Kg V 268 262 2 251 7
Average exchange rate R/$ 11.22 10.77 4 10.16 10
Notes:
All prices quoted are delivered prices.
The below comments explain material variances between Q4 2014 and Q3 2014:
General:
1. Increased hot metal production was achieved by reducing the number of operational furnaces at
improved efficiency due to a better kiln to furnace ratio and improved ore quality.
2. Operational improvements in the steel making division resulted in increased cast slab production.
3. Flat products division increased production due to improved cast slab availability.
4. Fines ore production continued to increase post maintenance shut down at the mining plant.
5. Vanadium Slag & FeV production increased due to maintenance performed during Q3.
6. Pricing for Vanadium slag & Fines ore showed a decrease due to decreased global FeV pricing.
15 January 2015
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
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