28 Apr 2011 07:50
Corrected Version
Severstal reports Q1 2011 operational results
Moscow, Russia - April 28, 2011 - OAO Severstal (LSE: SVST), one of the world's leading integrated steel and mining companies, today announces its operational results for Q1 2011.
PRODUCTION OF HOT METAL AND CRUDE STEEL
Total output* | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Hot metal: total output | 2 635 046 | 2 756 564 | -4% | 2 635 046 | 2 545 398 | 4% |
Russian Steel | 2 204 316 | 2 270 799 | -3% | 2 204 316 | 2 097 810 | 5% |
North America | 430 730 | 485 765 | -11% | 430 730 | 447 588 | -4% |
Crude steel: total output | 3 652 001 | 3 841 773 | -5% | 3 652 001 | 3 493 168 | 5% |
Russian Steel | 2 737 182 | 2 912 806 | -6% | 2 737 182 | 2 576 149 | 6% |
North America | 914 819 | 928 968 | -2% | 914 819 | 917 020 | 0% |
CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)
Sales volume* | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Coal: | 1 790 422 | 2 026 171 | -12% | 1 790 422 | 1 667 524 | 7% |
Coking coal concentrate | 1 124 897 | 837 986 | 34% | 1 124 897 | 629 766 | 79% |
Coking coal | 0 | 281 675 | n.a. | 0 | 11 353 | n.a. |
Steam coal | 665 525 | 906 510 | -27% | 665 525 | 1 026 405 | -35% |
Iron ore pellets | 897 724 | 1 240 848 | -28% | 897 724 | 651 051 | 38% |
Gold (oz tr.) | 173 930 | 194 256 | -10% | 173 930 | 122 638 | 42% |
Semi-finished products | 261 311 | 594 282 | -56% | 261 311 | 69 260 | 277% |
Rolled products: | 2 754 943 | 2 724 744 | 1% | 2 754 943 | 2 773 244 | -1% |
Hot-rolled strip and plate | 1 558 358 | 1 573 847 | -1% | 1 558 358 | 1 659 278 | -6% |
Cold-rolled sheet | 504 015 | 523 382 | -4% | 504 015 | 531 270 | -5% |
Galvanised and metallic coated sheet | 483 128 | 390 117 | 24% | 483 128 | 437 485 | 10% |
Color coated sheet | 45 906 | 64 107 | -28% | 45 906 | 26 438 | 74% |
Long products | 163 536 | 173 291 | -6% | 163 536 | 118 772 | 38% |
Downstream products: | 465 287 | 473 541 | -2% | 465 287 | 375 337 | 24% |
Metalware products | 188 113 | 207 609 | -9% | 188 113 | 170 759 | 10% |
Large diameter pipes | 138 384 | 135 936 | 2% | 138 384 | 101 101 | 37% |
Other tubes, pipes, formed shapes | 138 789 | 129 996 | 7% | 138 789 | 103 477 | 34% |
* - metric tonnes unless otherwise stated.
SEGMENT BREAKDOWN
Severstal Resources*
Sales volume** | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Coal: | 2 686 665 | 3 128 076 | -14% | 2 686 665 | 2 640 022 | 2% |
Coking coal concentrate, including | 2 021 141 | 1 939 752 | 4% | 2 021 141 | 1 602 264 | 26% |
Vorkutaugol | 1 427 999 | 1 401 730 | 2% | 1 427 999 | 1 208 739 | 18% |
PBS Coals | 593 142 | 538 022 | 10% | 593 142 | 393 525 | 51% |
Coking coal, Vorkutaugol | 0 | 281 745 | n.a. | 0 | 11 353 | n.a. |
Steam coal, including | 665 525 | 906 579 | -27% | 665 525 | 1 026 405 | -35% |
Vorkutaugol | 372 117 | 571 763 | -35% | 372 117 | 756 715 | -51% |
PBS Coals | 293 408 | 334 816 | -12% | 293 408 | 269 690 | 9% |
Iron ore: | 3 124 956 | 3 615 850 | -14% | 3 124 956 | 3 240 675 | -4% |
Iron ore pellets | 2 142 605 | 2 621 623 | -18% | 2 142 605 | 2 261 648 | -5% |
Iron ore concentrate | 982 351 | 994 227 | -1% | 982 351 | 979 027 | 0% |
Gold (oz tr.) | 173 930 | 194 256 | -10% | 173 930 | 122 638 | 42% |
Severstal Russian Steel*
Sales volume** | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Semi-finished products | 261 243 | 594 015 | -56% | 261 243 | 98 422 | 165% |
Rolled products: | 1 878 582 | 1 916 670 | -2% | 1 878 582 | 1 757 506 | 7% |
Hot-rolled strip and plate | 1 139 803 | 1 136 923 | 0% | 1 139 803 | 1 195 703 | -5% |
Cold-rolled sheet | 357 781 | 394 578 | -9% | 357 781 | 315 634 | 13% |
Galvanised and metallic coated sheet | 164 893 | 143 977 | 15% | 164 893 | 97 030 | 70% |
Color coated sheet | 45 906 | 64 107 | -28% | 45 906 | 26 438 | 74% |
Long products | 170 198 | 177 085 | -4% | 170 198 | 122 700 | 39% |
Downstream products: | 465 896 | 474 038 | -2% | 465 896 | 376 118 | 24% |
Metalware products | 188 723 | 208 030 | -9% | 188 723 | 171 341 | 10% |
Large diameter pipes | 138 384 | 135 936 | 2% | 138 384 | 101 101 | 37% |
Other tubes, pipes, formed shapes | 138 789 | 130 072 | 7% | 138 789 | 103 675 | 34% |
Severstal North America*
Sales volume** | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010*** | Change, % |
Rolled products: | 883 023 | 811 943 | 9% | 883 023 | 1 019 879 | -13% |
Hot-rolled strip and plate | 418 554 | 436 997 | -4% | 418 554 | 463 788 | -10% |
Cold-rolled sheet | 146 234 | 128 805 | 14% | 146 234 | 215 636 | -32% |
Galvanised and metallic coated sheet | 318 234 | 246 141 | 29% | 318 234 | 340 455 | -7% |
* - including intercompany sales, ** - metric tonnes unless otherwise stated, *** - including NSG sales volumes
VOLUME WEIGHTED AVERAGE SELLING PRICES
Consolidated sales
Sales prices (EXW), USD/tonne | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Coal | 129 | 95 | 36% | 129 | 73 | 77% |
Coking coal concentrate, including | 170 | 146 | 16% | 170 | 128 | 33% |
Vorkutaugol | 183 | 153 | 20% | 183 | 137 | 34% |
PBS Coals | 138 | 128 | 8% | 138 | 110 | 25% |
Coking coal, Vorkutaugol | 0 | 75 | n.a. | 0 | 35 | n.a. |
Steam coal | 51 | 44 | 16% | 51 | 39 | 31% |
Vorkutaugol | 38 | 33 | 15% | 38 | 31 | 23% |
PBS Coals | 70 | 63 | 11% | 70 | 60 | 17% |
Iron ore, pellets | 119 | 113 | 5% | 119 | 71 | 68% |
Gold (USD/oz tr.) | 1 391 | 1 373 | 1% | 1 391 | 1 096 | 27% |
Semi-finished products | 549 | 470 | 17% | 549 | 344 | 60% |
Rolled products | 769 | 695 | 11% | 769 | 622 | 24% |
Hot-rolled strip and plate | 692 | 621 | 11% | 692 | 555 | 25% |
Cold-rolled sheet | 799 | 717 | 11% | 799 | 629 | 27% |
Galvanised and metallic coated sheet | 946 | 879 | 8% | 946 | 834 | 13% |
Color coated sheet | 1 159 | 1 106 | 5% | 1 159 | 1 179 | -2% |
Long products | 719 | 653 | 10% | 719 | 529 | 36% |
Downstream products | 1 332 | 1 269 | 5% | 1 332 | 1 130 | 18% |
Metalware products | 1 208 | 1 073 | 13% | 1 208 | 962 | 26% |
Large diameter pipes | 2 050 | 2 131 | -4% | 2 050 | 2 007 | 2% |
Other tubes and pipes, formed shapes | 844 | 751 | 12% | 844 | 633 | 33% |
Severstal Resources
Sales prices (EXW), USD/tonne | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Coal | 145 | 110 | 32% | 145 | 93 | 56% |
Coking coal concentrate | 170 | 146 | 16% | 170 | 128 | 33% |
Vorkutaugol | 183 | 153 | 20% | 183 | 137 | 34% |
PBS Coals | 138 | 128 | 8% | 138 | 110 | 25% |
Coking coal, Vorkutaugol | 0 | 75 | n.a. | 0 | 35 | n.a. |
Steam coal | 52 | 44 | 18% | 52 | 39 | 33% |
Vorkutaugol | 38 | 33 | 15% | 38 | 31 | 23% |
PBS Coals | 70 | 63 | 11% | 70 | 60 | 17% |
Iron ore | 107 | 103 | 4% | 107 | 58 | 84% |
Iron ore pellets | 119 | 113 | 6% | 119 | 71 | 68% |
Iron ore concentrate | 82 | 78 | 5% | 82 | 43 | 91% |
Gold (USD/oz tr.) | 1 391 | 1 373 | 1% | 1 391 | 1 096 | 27% |
Severstal Russian Steel
Sales prices (EXW), USD/tonne | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010 | Change, % |
Semi-finished products | 549 | 470 | 17% | 549 | 344 | 60% |
Rolled products | 743 | 676 | 10% | 743 | 566 | 31% |
Hot-rolled strip and plate | 674 | 614 | 10% | 674 | 526 | 28% |
Cold-rolled sheet | 784 | 701 | 12% | 784 | 569 | 38% |
Galvanised and metallic coated sheet | 913 | 846 | 8% | 913 | 791 | 15% |
Color coated sheet | 1 159 | 1 106 | 5% | 1 159 | 1 179 | -2% |
Long products | 719 | 653 | 10% | 719 | 529 | 36% |
Downstream products | 1 332 | 1 269 | 5% | 1 332 | 1 130 | 18% |
Metalware products | 1 208 | 1 073 | 13% | 1 208 | 962 | 26% |
Large diameter pipes | 2 050 | 2 131 | -4% | 2 050 | 2 007 | 2% |
Other tubes and pipes, formed shapes | 844 | 751 | 12% | 844 | 633 | 33% |
Severstal North America
Sales prices (EXW), USD/tonne | Q1 2011 | Q4 2010 | Change, % | Q1 2011 | Q1 2010* | Change, % |
Rolled products: | 852 | 739 | 15% | 852 | 718 | 19% |
* - including NSG sales prices
Notes: 1) Semi-finished products include hot metal, pig iron, slabs, billets, ingots, steel casting and forgings; 2) Metalware sales volumes and metalware volume weighted average selling prices include Severstal Metiz, Cherepovets Steel Mill, Severstallat and Severstal Invest data
***
Investor Relations
Vladimir Zaluzhsky
T: +7 (495) 926-77-66 ext. 6375
vladimir.zaluzhsky@severstal.com
Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66 ext. 6447
elena.kovaleva@severstal.com
***
ОАО Severstal is one of the world's largest vertically integrated steel and mining companies. With assets in Russia and other CIS, USA, Europe and Africa, Severstal reported revenue of $13,573 million and EBITDA of $3,263 million in 2010. Severstal's crude steel production in 2010 reached 14.7 million tonnes. The Company is listed on RTS and MICEX, the Company's GDRs are traded on LSE