To view the PDF file, sign up for a MySharenet subscription.

EVRAZ HIGHVELD STEEL & VANADIUM LTD - Fourth Quarter ending 31 December 2014 Operational Results

Release Date: 15/01/2015 13:55
Code(s): EHS     PDF:  
Wrap Text
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

Date: 15/01/2015 01:55:00 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.

Share This Story