27 Apr 2012 07:00
Severstal reports Q1 2012 operational results
Moscow, Russia - April 27, 2012 - OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and mining companies, today announces its operational results for Q1 2012.
SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA
Production, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Crude steel (total output): | 3 989 725 | 3 761 692 | 6% | 3 989 725 | 3 652 001 | 9% |
Russian Steel | 2 714 900 | 2 788 605 | -3% | 2 714 900 | 2 737 182 | -1% |
Severstal North America (SNA) | 1 274 825 | 973 087 | 31% | 1 274 825 | 914 819 | 39% |
Hot metal (total output): | 2 716 289 | 2 618 165 | 4% | 2 716 289 | 2 635 046 | 3% |
Russian Steel | 2 226 800 | 2 213 400 | 1% | 2 226 800 | 2 204 316 | 1% |
North America | 489 489 | 404 765 | 21% | 489 489 | 430 730 | 14% |
Sales volume, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Coking coal concentrate | 1 795 760 | 1 876 736 | -4% | 1 795 760 | 2 002 154 | -10% |
Iron ore pellets | 2 549 152 | 2 617 272 | -3% | 2 549 152 | 2 142 605 | 19% |
Iron ore concentrate | 1 101 071 | 1 216 039 | -9% | 1 101 071 | 982 351 | 12% |
Total steel products* | 3 763 245 | 3 593 332 | 5% | 3 763 245 | 3 477 496 | 8% |
Total steel products (Russian Steel) | 2 625 513 | 2 580 816 | 2% | 2 625 513 | 2 601 676 | 1% |
Total steel products (SNA) | 1 220 549 | 1 022 938 | 19% | 1 220 549 | 883 023 | 38% |
Average price, $/tonne | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Coking coal concentrate | 161 | 166 | -3% | 161 | 170 | -5% |
Iron ore pellets | 118 | 139 | -15 % | 118 | 119 | -1% |
Hot-rolled strip and plate (Russian Steel) | 652 | 719 | -9% | 652 | 674 | -3% |
Rolled products (SNA) | 869 | 822 | 6% | 869 | 852 | 2% |
*- Consolidated sales, semi-finished products included
SALES VOLUME BY SEGMENT
Severstal Resources
Sales volume, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Coal: | 2 526 345 | 2 691 567 | -6% | 2 526 345 | 2 667 678 | -5% |
Coking coal concentrate, including: | 1 795 760 | 1 876 736 | -4% | 1 795 760 | 2 002 154 | -10% |
Vorkutaugol | 1 209 918 | 1 295 302 | -7% | 1 209 918 | 1 427 999 | -15% |
PBS Coals | 585 842 | 581 434 | 1% | 585 842 | 574 155 | 2% |
Raw coking coal, Vorkutaugol | 179 312 | 88 193 | 103% | 179 312 | 0 | n.a. |
Steam coal, including: | 551 274 | 726 638 | -24% | 551 274 | 665 525 | -17% |
Vorkutaugol | 541 500 | 649 505 | -17% | 541 500 | 372 117 | 46% |
PBS Coals | 9 774 | 77 134 | -87% | 9 774 | 293 408 | -97% |
Iron ore: | 3 650 223 | 3 833 311 | -5% | 3 650 223 | 3 124 956 | 17% |
Iron ore pellets | 2 549 152 | 2 617 272 | -3% | 2 549 152 | 2 142 605 | 19% |
Iron ore concentrate | 1 101 071 | 1 216 039 | -9% | 1 101 071 | 982 351 | 12% |
Severstal Russian Steel
Sales volume, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Total steel products | 2 625 513 | 2 580 816 | 2% | 2 625 513 | 2 601 676 | 1% |
Semi-finished products | 364 755 | 318 910 | 14% | 364 755 | 261 243 | 40% |
Rolled products: | 1 846 950 | 1 849 429 | 0% | 1 846 950 | 1 874 594 | -1% |
Hot-rolled strip and plate | 1 222 900 | 1 076 726 | 14% | 1 222 900 | 1 136 264 | 8% |
Cold-rolled sheet | 284 574 | 359 082 | -21% | 284 574 | 357 623 | -20% |
Galvanised and metallic coated sheet | 137 178 | 172 629 | -21% | 137 178 | 164 782 | -17% |
Color coated sheet | 69 309 | 53 797 | 29% | 69 309 | 45 727 | 52% |
Long products | 132 989 | 187 194 | -29% | 132 989 | 170 198 | -22% |
Downstream products: | 413 808 | 412 477 | 0% | 413 808 | 465 839 | -11% |
Metalware products | 197 817 | 176 260 | 12% | 197 817 | 188 725 | 5% |
Large diameter pipes | 77 428 | 95 450 | -19% | 77 428 | 138 384 | -44% |
Other tubes, pipes, formed shapes | 138 563 | 140 766 | -2% | 138 563 | 138 730 | 0% |
Severstal North America
Sales volume, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Rolled products: | 1 220 549 | 1 022 938 | 19% | 1 220 549 | 883 023 | 38% |
Hot-rolled strip and plate | 695 700 | 596 523 | 17% | 695 700 | 418 555 | 66% |
Cold-rolled sheet | 147 386 | 131 302 | 12% | 147 386 | 146 234 | 1% |
Galvanised and metallic coated sheet | 377 463 | 295 113 | 28% | 377 463 | 318 234 | 19% |
CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)
Sales volume, tonnes | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Coal: | 1 707 171 | 1 809 504 | -6% | 1 707 171 | 1 771 435 | -4% |
Coking coal concentrate | 976 585 | 994 673 | -2% | 976 585 | 1 105 911 | -12% |
Raw coking coal | 179 312 | 88 193 | 103% | 179 312 | 0 | n.a. |
Steam coal | 551 274 | 726 638 | -24% | 551 274 | 665 525 | -17% |
Iron ore: | 1 201 113 | 1 565 845 | -23% | 1 201 113 | 897 724 | 34% |
Iron ore pellets | 1 201 113 | 1 565 845 | -23% | 1 201 113 | 897 724 | 34% |
Semi-finished products | 325 492 | 318 910 | 2% | 325 492 | 261 311 | 25% |
Rolled products: | 3 023 944 | 2 862 269 | 6% | 3 023 944 | 2 750 956 | 10% |
Hot-rolled strip and plate | 1 875 045 | 1 666 300 | 13% | 1 875 045 | 1 554 819 | 21% |
Cold-rolled sheet | 431 960 | 490 384 | -12% | 431 960 | 503 857 | -14% |
Galvanised and metallic coated sheet | 514 641 | 467 742 | 10% | 514 641 | 483 016 | 7% |
Color coated sheet | 69 309 | 53 797 | 29% | 69 309 | 45 727 | 52% |
Long products | 132 989 | 184 046 | -28% | 132 989 | 163 536 | -19% |
Downstream products: | 413 808 | 412 152 | 0% | 413 808 | 465 229 | -11% |
Metalware products | 197 817 | 175 936 | 12% | 197 817 | 188 115 | 5% |
Large diameter pipes | 77 428 | 95 450 | -19% | 77 428 | 138 384 | -44% |
Other tubes, pipes, formed shapes | 138 563 | 140 766 | -2% | 138 563 | 138 730 | 0% |
AVERAGE SELLING PRICES BY SEGMENT
Severstal Resources
Sales price (EXW), $/tonne | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Coal: | ||||||
Coking coal concentrate, Vorkutaugol | 166 | 167 | -1% | 166 | 183 | -9% |
Coking coal concentrate, PBS Coals | 152 | 162 | -7% | 152 | 138 | 10% |
Raw coking coal, Vorkutaugol | 75 | 124 | -40% | 75 | 0 | n.a. |
Steam coal, Vorkutaugol | 37 | 36 | 2% | 37 | 38 | -2% |
Steam coal, PBS Coals | 70 | 70 | 0% | 70 | 66 | 6% |
Iron ore: | ||||||
Iron ore pellets | 118 | 133 | -11% | 118 | 119 | -1% |
Iron ore concentrate | 88 | 86 | 2% | 88 | 82 | 7% |
Severstal Russian Steel
Sales price (EXW), $/tonne | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Semi-finished products | 495 | 552 | -10% | 495 | 549 | -10% |
Rolled products: | ||||||
Hot-rolled strip and plate | 652 | 719 | -9% | 652 | 674 | -3% |
Cold-rolled sheet | 751 | 815 | -8% | 751 | 784 | -4% |
Galvanised and metallic coated sheet | 958 | 1 017 | -6% | 958 | 913 | 5% |
Color coated sheet | 1 188 | 1 234 | -4% | 1 188 | 1 159 | 2% |
Long products | 690 | 702 | -2% | 690 | 719 | -4% |
Downstream products: | ||||||
Metalware products | 1 193 | 1 214 | -2% | 1 193 | 1 208 | -1% |
Large diameter pipes | 1 990 | 1 943 | 2% | 1 990 | 2 050 | -3% |
Other tubes, pipes, formed shapes | 795 | 805 | -1% | 795 | 844 | -6% |
Severstal North America
Sales price (EXW), $/tonne | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Rolled products | 869 | 822 | 6% | 869 | 852 | 2% |
AVERAGE SELLING PRICES FOR CONSOLIDATED SALES
Sales price (EXW), $/tonne | Q1 2012 | Q4 2011 | Change, % | Q1 2012 | Q1 2011 | Change, % |
Mining products: | ||||||
Coking coal concentrate | 161 | 168 | -4% | 161 | 170 | -5% |
Raw coking coal, Vorkutaugol | 75 | 124 | -40% | 75 | 0 | n.a . |
Steam coal | 38 | 40 | -5% | 38 | 50 | -25% |
Iron ore pellets | 118 | 139 | -15% | 118 | 119 | -1% |
Steel products: | ||||||
Hot-rolled strip and plate | 702 | 725 | -3% | 702 | 692 | 1% |
Cold-rolled sheet | 803 | 826 | -3% | 803 | 799 | 1% |
Galvanised and metallic coated sheet | 993 | 994 | 0% | 993 | 946 | 5% |
Color coated sheet | 1 188 | 1 234 | -4% | 1 188 | 1 159 | 2% |
Long products | 690 | 702 | -2% | 690 | 719 | -4% |
Metalware products | 1 193 | 1 214 | -2% | 1 193 | 1 208 | -1% |
Large diameter pipes | 1 990 | 1 943 | 2% | 1 990 | 2 050 | -3% |
Other tubes, pipes, formed shapes | 795 | 805 | -1% | 795 | 844 | -6% |
Notes: 1) All production data is reported in metric tonnes 2) Segmental data include intercompany sales; 3) Semi-finished products include pig iron, slabs, billets, ingots, steel casting and forgings; 4) Metalware sales volumes and metalware 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 leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy, Liberia and Brazil. Severstal is listed on MICEX-RTS and the company's GDRs are traded on the LSE. Severstal reported revenue of $15,812 million and EBITDA of $3,584 million in 2011. Severstal's crude steel production in 2011 reached 15.3 million tonnes. www.severstal.com