Wrap Text
Q3 2012 Operational Results
EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS
ISIN: ZAE000146171
EVRAZ HIGHVELD STEEL AND VANADIUM LIMITED
THIRD QUARTER ENDING 30 SEPTEMBER 2012 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
3Q 2012/ 3Q 2012/
Unit of
Notes 3Q 2012 2Q 2012 2Q 2012, % 3Q 2011 3Q 2011, %
measure
change change
Steel segment
Hot metal Tons 2 84,437 163,413 (48) 115,789 (27)
Continuously cast blocks Tons 2 77,506 152,819 (49) 118,500 (35)
Sections Tons 2 30,886 55,291 (44) 40,020 (23)
Plates Tons 2 27,464 34,957 (21) 44,913 (39)
Coil Tons 2 7,367 31,422 (77) 9,915 (26)
Vanadium slag Kg V2O5 2 1,625,572 2,963,016 (45) 2,862,199 (43)
Internal consumption Kg V2O5 2 1,554,633 2,891,786 (46) 2,680,201 (42)
Fines ore Tons 3 152,621 131,790 16 186,198 (18)
Vanadium segment
Ferrovanadium Kg V 4 1,102,905 1,318,454 (16) 1,792,567 (38)
Modified Vanadium Oxide (MVO) Kg V 4 194,184 351,760 (45) 304,579 (36)
Nitrovan Kg V 4 188,358 150,089 25 319,705 (41)
WEIGHTED AVERAGE SELLING PRICES
3Q 2012/ 3Q 2012/
Unit of
Notes 3Q 2012 2Q 2012 2Q 2012, % 3Q 2011 3Q 2011, %
measure
change change
Steel segment
Total Steel $/ton 754 734 3 880 (14)
Vanadium slag $/Kg V2O5 1 4 (65) 5 (72)
Fines ore $/ton 18 22 (18) 32 (43)
Vanadium segment
Ferrovanadium $/Kg V 24 24 (2) 27 (13)
Modified Vanadium Oxide $/Kg V 18 18 (2) - 0
Nitrovan $/Kg V 22 24 (7) 28 (20)
Average exchange rate R/$ 8.26 8.13 2 7.13 16
Notes:
1) All prices quoted are delivered prices.
The below comments explain material variances between 2Q 2012 and 3Q 2012:
2) The lower production volumes of hot metal and consequently continuously cast blocks, vanadium slag and rolled steel products resulted from a
four week strike by NUMSA members as of 16 July 2012, as well as the ramp up time post the strike.
3) Operational problems resulting in unplanned stoppages experienced during Q2 2012 were resolved in Q3 2012.
4) Decreased slag availabilty negatively impacted on ferrovanadium and MVO production volumes. Nitrovan production volumes increased
compared to Q2 2012 due to increased demand for nitrovan.
12 October 2012
Sponsor: J.P. Equities Limited
(no links).xlsx
Date: 12/10/2012 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
