Wrap Text
Fourth Quarter ending 31 December 2013 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 2013 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 2013/ 4Q 2013/
Unit of 3Q 2013, 4Q 2012,
Notes 4Q 2013 3Q 2013 4Q 2012
measure % %
change change
Steel segment
Hot metal Tons 161,203 145,123 11 175,699 (8)
Continuously cast
blocks Tons 163,698 144,147 14 165,715 (1)
Sections Tons 1 44,745 55,233 (19) 51,742 (14)
Plates Tons 41,065 41,780 (2) 37,045 11
Coil Tons 30,680 29,784 3 34,109 (10)
Vanadium slag Kg V 1,662,830 1,473,092 13 1,487,388 12
Fines ore Tons 144,876 153,650 (6) 166,131 (13)
Vanadium
segment
Ferrovanadium
(FeV) Kg V 1,317,070 1,244,505 6 855,347 54
Modified
Vanadium Oxide
(MVO) Kg V 111,562 25,938 330 181,863 (39)
Nitrovan (NV) Kg V 80,235 37,449 114 176,407 (55)
WEIGHTED AVERAGE SELLING PRICES
4Q 2013/ 4Q 2013/
Unit of 3Q 2013, 4Q 2012,
Notes 4Q 2013 3Q 2013 4Q 2012
measure % %
change change
Steel segment
Total Steel R/ton 2 6,703 7,075 (5) 6,319 6
Vanadium slag R/Kg V 77 80 (3) 68 14
Fines ore R/ton 200 232 (14) 194 3
Vanadium
segment
Ferrovanadium R/Kg V 251 251 - 203 24
Modified
Vanadium Oxide R/Kg V 3 177 188 (6) - 100
Nitrovan R/Kg V 3 241 229 6 205 18
Average
exchange rate R/$ 10.16 9.99 2 8.69 17
Notes:
( All prices quoted are delivered prices).
The below comments explain material variances between Q4 2013 and Q3 2013:
General: Thanks to the absence of measures to cut back iron making furnace electricity input during
expensive winter peak demand periods, Q4 liquid iron production increased compared to Q3. This
improvement had a positive impact on cast steel and vanadium slag production volumes.
1) The production of structural sections contracted from Q3 to Q4 due a planned shutdown, timed to
coincide with customer closures over the festive season.
2) During Q4 of 2013 domestic steel prices increased. However, the total average steel price reduced
due to higher export volumes at lower prices.
3) The increased production volumes of vanadium slag during Q4 compared to Q3 resulted in
increased production volumes of FeV, MVO and NV.
15 January 2014
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
Date: 15/01/2014 02:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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