Wrap Text
Third Quarter ending 30 September 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”)
Third Quarter ending 30 September 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
3Q 2014/ 3Q 2014/
Unit of 2Q 2014, 3Q 2013,
Notes 3Q 2014 2Q 2014 3Q 2013
measure % %
change change
Steel segment
Hot metal Tons 1 154,049 191,418 (20) 145,123 6
Continuously cast
blocks Tons 1 141,486 169,574 (17) 144,147 (2)
Sections Tons 54,945 52,946 4 55,233 (1)
Plates Tons 2 19,864 42,712 (53) 41,779 (52)
Coil Tons 2 25,182 35,450 (29) 29,785 (15)
Vanadium slag Kg V 3 1,764,731 1,895,959 (7) 1,473,092 20
Fines ore Tons 189,691 195,495 (3) 153,650 23
Vanadium
segment
Ferrovanadium
(FeV) Kg V 4 961,380 1,142,005 (16) 1,244,505 (23)
WEIGHTED AVERAGE SELLING PRICES
3Q 2014/ 3Q 2014/
Unit of 2Q 2014, 3Q 2013,
Notes 3Q 2014 2Q 2014 3Q 2013
measure % %
change change
Steel segment
Total Steel R/ton 7,138 7,170 0 7,075 1
Vanadium slag R/Kg V 80 84 (5) 80 (1)
Fines ore R/ton 5 535 260 106 232 131
Vanadium
segment
Ferrovanadium R/Kg V 262 269 (2) 253 3
Average
exchange rate R/$ 10.77 10.54 2 9.99 8
Notes:
( All prices quoted are delivered prices).
The below comments explain material variances between Q3 2014 and Q2 2014:
General:
1) Structural steel production volumes were lower in Q3 as a result of operational challenges in
Ironmaking that effectively reduced iron output.
2) Flat product production volumes were lower in Q3 as a result of operational challenges.
3) Vanadium Slag production reduced due to maintenance performed during Q3.
4) FeV production was negatively impacted due to delayed slag shipments from EVRAZ Highveld to
Hochvanadium.
5) Fines Ore price increase due to a provisionally amended pricing structure for locally sold Fines
Ore, pending final agreement.
15 October 2014
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
Date: 15/10/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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