Wrap Text
Fourth quarter ending 31 December 2012 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 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
4Q 2012/
4Q 2012/
Unit of 3Q 2012,
Notes 4Q 2012 3Q 2012 4Q 2011 4Q 2011,
measure %
% change
change
Steel segment
Hot metal Tons 2 175,699 84,437 108 193,201 (9)
Continuously cast
blocks Tons 2 165,715 77,506 114 185,200 (11)
Sections Tons 3 51,742 30,886 68 60,787 (15)
Plates Tons 3 37,045 27,464 35 31,296 18
Coil Tons 3 34,109 7,367 363 37,410 (9)
Kg
Vanadium slag V(2)O(5) 4 2,655,101 1,625,572 63 3,574,423 (26)
Internal Kg
consumption V(2)O(5) 2,474,466 1,554,633 59 3,447,288 (28)
Fines ore Tons 166,131 152,621 9 150,257 11
Vanadium
segment
Ferrovanadium Kg V 5 855,347 1,102,905 (22) 1,430,091 (40)
Modified
Vanadium Oxide
(MVO) Kg V 181,863 194,184 (6) 343,127 (47)
Nitrovan Kg V 176,407 188,358 (6) 233,465 (24)
WEIGHTED AVERAGE SELLING PRICES
4Q 2012/
4Q 2012/
Unit of 3Q 2012,
Notes 4Q 2012 3Q 2012 4Q 2011 4Q 2011,
measure %
% change
change
Steel segment
Total Steel $/ton 727 754 (4) 822 (12)
$/Kg
Vanadium slag V(2)O(5) 4 1 214 5 (13)
Fines ore $/ton 22 18 23 23 (3)
Vanadium
segment
Ferrovanadium $/Kg V 23 24 (3) 25 (7)
Modified
Vanadium Oxide $/Kg V - 18 (100) 17 (100)
Nitrovan $/Kg V 24 22 7 25 (6)
Average
exchange rate R/$ 8.69 8.26 5 8.10 7
Notes:
1) All prices quoted are delivered prices.
The below comments explain material variances between Q3 2012 and Q4 2012:
2) The higher production volumes of hot metal and consequently continuously cast blocks, vanadium
slag and rolled steel products resulted from the low base during Q3 2012 due to the industrial action,
as well the ramp up post the strike. However, operational problems during the ramp up process
negatively affected production in comparison to Q4, 2011.
3) Rolled product output increased compared to the low base in Q3 2012. A component of Q4 coil
production relates to backlog orders from Q3.
4) Despite the increased vanadium slag production, the increase was not consistent with the hot
metal increase as a result of unexpected operational problems during the ramp up process.
5) Ferrovanadium production was lower due to the required volume of vanadium slag not being
delivered to the processing plant as a result of the transport strike, and lower vanadium slag
production.
14 January 2013
Sponsor:
J.P. Morgan Equities South Africa (Pty) Limited
Date: 14/01/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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