31 Jul 2009 07:00
Severstal Releases Q2 2009 Operational Results
July 31, 2009 - Severstal (LSE: SVST) today released its Q2 2009 operational results as follows.
PRODUCTION VOLUMES
Q2 2009 overview
Production of crude steel in Q2 2009 was 3,813 thousand tonnes, 0.4% higher than in the previous quarter. Production of rolled products contracted 1.2% to 2,874 thousand tonnes q-o-q. Total production of iron ore pellets in Q2 2009 was 55% higher than in Q1 2009, iron ore concentrate production was up by 7% and coal production increased by 22%.
In 2009, production volumes for Metalware and the Izhora Pipe Mill are being included in the Russian Steel division. Due to these changes we have restated Q2 2008 production numbers for the Russian Steel division.
Consolidated production of hot metal and crude steel
| Total throughput, metric tonnes | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Hot metal: total throughput | 3,709,728 | 2,795,363 | -25% | 2,606,464 | 2,795,363 | 7% |
| Crude steel: total throughput | 5,270,978 | 3,813,117 | -28% | 3,796,734 | 3,813,117 | 0% |
Consolidated production (net of intercompany sales)
| Production for sale, metric tonnes unless otherwise stated | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Coal: | 781,193 | 1,051,258 | 35% | 1,027,610 | 1,051,258 | 2% |
| Coking coal concentrate | 377,524 | 45,277 | -88% | 182,104 | 45,277 | -75% |
| PBS Coal | 0 | 19,516 | n/a | 49,908 | 19,516 | -61% |
| Coking coal | 17,160 | 81,290 | 374% | 6,616 | 81,290 | n.m. |
| Steam coal | 386,509 | 924,691 | 139% | 838,890 | 924,691 | 10% |
| PBS Coal | 0 | 447,991 | n/a | 463,579 | 447,991 | -3% |
| Iron ore: | 1,037,283 | 1,107,170 | 7% | 576,989 | 1,107,170 | 92% |
| Iron ore pellets | 911,543 | 1,107,170 | 21% | 576,989 | 1,107,170 | 92% |
| Iron ore concentrate | 125,740 | 0 | n/a | 0 | 0 | n/a |
| Gold (kilogrammes) | 1,135 | 3,456 | 205% | 3,514 | 3,456 | -2% |
| Semifinished products | 534,271 | 139,619 | -74% | 357,363 | 139,619 | -61% |
| Rolled products: | 4,021,764 | 2,874,195 | -29% | 2,909,818 | 2,874,195 | -1% |
| Hot-rolled strip and plate | 1,749,321 | 1,356,389 | -22% | 1,435,411 | 1,356,389 | -6% |
| Cold-rolled sheet | 632,050 | 611,317 | -3% | 535,414 | 611,317 | 14% |
| Galvanised and metallic coated sheet | 546,209 | 424,033 | -22% | 347,691 | 424,033 | 22% |
| Color coated sheet | 65,163 | 69,759 | 7% | 56,758 | 69,759 | 23% |
| Long products | 953,707 | 358,186 | -62% | 440,664 | 358,186 | -19% |
| Rails | 75,314 | 54,511 | -28% | 93,880 | 54,511 | -42% |
| Downstream products: | 516,759 | 345,345 | -33% | 317,247 | 345,345 | 9% |
| Metalware products | 286,103 | 199,333 | -30% | 178,118 | 199,333 | 12% |
| Large diameter pipes | 108,648 | 34,739 | -68% | 52,506 | 34,739 | -34% |
| Other tubes and pipes, formed shapes | 122,007 | 111,273 | -9% | 86,623 | 111,273 | 28% |
Segmental information
Mining
| Production for sale, metric tonnes unless otherwise stated | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Coal: | 1,736,445 | 2,109,561 | 21% | 1,723,042 | 2,109,561 | 22% |
| Coking coal concentrate | 1,191,913 | 1,103,580 | -7% | 877,536 | 1,103,580 | 26% |
| PBS Coal | 0 | 37,200 | n/a | 75,466 | 37,200 | -51% |
| Coking coal | 158,023 | 81,290 | -49% | 6,616 | 81,290 | n.m. |
| Steam coal | 386,509 | 924,691 | 139% | 838,890 | 924,691 | 10% |
| PBS Coal | 0 | 447,991 | n/a | 463,579 | 447,991 | -3% |
| Iron ore: | 3,795,600 | 3,387,060 | -11% | 2,550,271 | 3,387,060 | 33% |
| Iron ore pellets | 2,523,501 | 2,118,849 | -16% | 1,369,833 | 2,118,849 | 55% |
| Iron ore concentrate | 1,272,099 | 1,268,211 | 0% | 1,180,438 | 1,268,211 | 7% |
| Gold (kilogrammes) | 1,135 | 3,456 | 205% | 3,514 | 3,456 | -2% |
Russian Steel
| Total throughput, metric tonnes | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Hot metal: total throughput | 2,229,796 | 1,626,297 | -27% | 1,561,570 | 1,626,297 | 4% |
| Crude steel: total throughput | 3,075,096 | 2,123,501 | -31% | 2,071,147 | 2,123,501 | 3% |
| Production for sale, metric tonnes | ||||||
| Semifinished products | 206,432 | 96,835 | -53% | 227,966 | 96,835 | -58% |
| Rolled products: | 2,242,171 | 1,605,663 | -28% | 1,506,278 | 1,605,663 | 7% |
| Hot-rolled strip and plate | 1,255,005 | 962,424 | -23% | 919,753 | 962,424 | 5% |
| Cold-rolled sheet | 367,920 | 348,506 | -5% | 237,344 | 348,506 | 47% |
| Galvanised and metallic coated sheet | 187,913 | 111,642 | -41% | 79,938 | 111,642 | 40% |
| Color coated sheet | 60,201 | 56,531 | -6% | 50,298 | 56,531 | 12% |
| Long products | 371,131 | 126,560 | -66% | 218,945 | 126,560 | -42% |
| Downstream products: | 506,100 | 319,302 | -37% | 284,338 | 319,302 | 12% |
| Metalware products | 275,445 | 172,623 | -37% | 145,037 | 172,623 | 19% |
| Large diameter pipes | 108,648 | 35,289 | -68% | 52,506 | 35,289 | -33% |
| Other tubes and pipes, formed shapes | 122,007 | 111,390 | -9% | 86,795 | 111,390 | 28% |
North America
| Total throughput, metric tonnes | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Hot metal: total throughput | 859,618 | 851,893 | -1% | 717,995 | 851,893 | 19% |
| Crude steel: total throughput | 1,318,084 | 1,229,371 | -7% | 1,344,501 | 1,229,371 | -9% |
| Production for sale, metric tonnes | ||||||
| Semifinished products | 99,519 | 12,912 | -87% | 12,137 | 12,912 | 6% |
| Rolled products: | 1,121,704 | 982,648 | -12% | 1,088,263 | 982,648 | -10% |
| Hot-rolled strip and plate | 494,316 | 394,218 | -20% | 515,980 | 394,218 | -24% |
| Cold-rolled sheet | 264,130 | 262,812 | 0% | 298,070 | 262,812 | -12% |
| Galvanised and metallic coated sheet | 358,297 | 312,391 | -13% | 267,753 | 312,391 | 17% |
| Color coated sheet | 4,962 | 13,228 | 167% | 6,460 | 13,228 | 105% |
| Downstream products: | 0 | 15,423 | n/a | 24,250 | 15,423 | -36% |
| Metalware products | 0 | 15,423 | n/a | 24,250 | 15,423 | -36% |
Lucchini
| Total throughput, metric tonnes | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Hot metal: total throughput | 620,314 | 317,173 | -49% | 326,899 | 317,173 | -3% |
| Crude steel: total throughput | 877,798 | 460,245 | -48% | 381,086 | 460,245 | 21% |
| Production for sale, metric tonnes | ||||||
| Semifinished products | 243,066 | 35,082 | -86% | 117,260 | 35,082 | -70% |
| Rolled products: | 657,890 | 294,895 | -55% | 317,275 | 294,895 | -7% |
| Long products | 582,576 | 240,384 | -59% | 223,395 | 240,384 | 8% |
| Rails | 75,314 | 54,511 | -28% | 93,880 | 54,511 | -42% |
| Downstream products: | 10,659 | 11,495 | 8% | 9,422 | 11,495 | 22% |
| Metalware products | 10,659 | 11,495 | 8% | 9,422 | 11,495 | 22% |
AVERAGE SELLING PRICES
Consolidated sales
| Sales prices (EXW), USD/tonne unless otherwise stated | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Coal: | 118 | 64 | -46% | 61 | 64 | 5% |
| Coking coal concentrate | 155 | 81 | -48% | 91 | 81 | -11% |
| PBS Coal | 0 | 95 | n/a | 87 | 95 | 9% |
| Coking coal | 49 | 25 | -49% | 10 | 25 | n.m. |
| Steam coal | 34 | 41 | 19% | 42 | 41 | -3% |
| PBS Coal | 0 | 59 | n/a | 63 | 59 | -6% |
| Iron ore: | 101 | 40 | -60% | 41 | 40 | -2% |
| Iron ore pellets | 112 | 43 | -61% | 45 | 43 | -5% |
| Iron ore concentrate | 79 | 35 | -56% | 35 | 35 | -1% |
| Gold (USD/kilogramme) | 27,164 | 30,017 | 11% | 29,939 | 30,017 | 0% |
| Semifinished products | 747 | 358 | -52% | 396 | 358 | -9% |
| Rolled products: | 988 | 582 | -41% | 645 | 582 | -10% |
| Hot-rolled strip and plate | 870 | 423 | -51% | 494 | 423 | -14% |
| Cold-rolled sheet | 866 | 565 | -35% | 660 | 565 | -14% |
| Galvanised and metallic coated sheet | 1,028 | 789 | -23% | 893 | 789 | -12% |
| Color coated sheet | 1,505 | 979 | -35% | 951 | 979 | 3% |
| Long products | 1,177 | 738 | -37% | 749 | 738 | -1% |
| Rails | 990 | 944 | -5% | 1,002 | 944 | -6% |
| Downstream products: | 1,506 | 1,133 | -25% | 1,053 | 1,133 | 8% |
| Metalware products | 1,338 | 973 | -27% | 1,003 | 973 | -3% |
| Large diameter pipes | 2,543 | 2,120 | -17% | 1,850 | 2,120 | 15% |
| Other tubes and pipes, formed shapes | 1,059 | 546 | -48% | 538 | 546 | 2% |
Mining
| Sales prices (EXW), USD/tonne unless otherwise stated | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Coal: | 118 | 64 | -46% | 61 | 64 | 5% |
| Coking coal concentrate | 155 | 81 | -48% | 91 | 81 | -11% |
| PBS Coal | 0 | 95 | n/a | 87 | 95 | 9% |
| Coking coal | 49 | 25 | -49% | 10 | 25 | n.m. |
| Steam coal | 34 | 41 | 19% | 42 | 41 | -3% |
| PBS Coal | 0 | 59 | n/a | 63 | 59 | -6% |
| Iron ore: | 101 | 40 | -60% | 41 | 40 | -2% |
| Iron ore pellets | 112 | 43 | -61% | 45 | 43 | -5% |
| Iron ore concentrate | 79 | 35 | -56% | 35 | 35 | -1% |
| Gold (USD/kilogramme) | 27,164 | 30,017 | 11% | 29,939 | 30,017 | 0% |
Russian Steel
| Sales prices (EXW), USD/tonne | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Semifinished products | 731 | 289 | -60% | 320 | 289 | -10% |
| Rolled products: | 950 | 442 | -53% | 452 | 442 | -2% |
| Hot-rolled strip and plate | 910 | 386 | -58% | 420 | 386 | -8% |
| Cold-rolled sheet | 880 | 459 | -48% | 480 | 459 | -4% |
| Galvanised and metallic coated sheet | 1,108 | 609 | -45% | 664 | 609 | -8% |
| Color coated sheet | 1,500 | 961 | -36% | 913 | 961 | 5% |
| Long products | 973 | 443 | -55% | 408 | 443 | 9% |
| Downstream products: | 1,512 | 1,102 | -27% | 992 | 1,102 | 11% |
| Metalware products | 1,343 | 858 | -36% | 867 | 858 | -1% |
| Large diameter pipes | 2,543 | 2,120 | -17% | 1,850 | 2,120 | 15% |
| Other tubes and pipes, formed shapes | 1,059 | 546 | -48% | 538 | 546 | 2% |
North America
| Sales prices (EXW), USD/tonne | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Rolled products: | 869 | 667 | -23% | 757 | 667 | -12% |
| Hot-rolled strip and plate | 790 | 495 | -37% | 605 | 495 | -18% |
| Cold-rolled sheet | 843 | 661 | -22% | 793 | 661 | -17% |
| Galvanised and metallic coated sheet | 979 | 835 | -15% | 951 | 835 | -12% |
| Color coated sheet | 1,574 | 1,067 | -32% | 1,214 | 1,067 | -12% |
| Downstream products: | 0 | 1,526 | n/a | 1,643 | 1,526 | -7% |
| Metalware products | 0 | 1,526 | n/a | 1,643 | 1,526 | -7% |
Lucchini
| Sales prices (EXW), USD/tonne | Q2 2008 | Q2 2009 | Change,% | Q1 2009 | Q2 2009 | Change,% |
| Semifinished products | 690 | 474 | -31% | 554 | 474 | -15% |
| Rolled products: | 1,330 | 914 | -31% | 1,062 | 914 | -14% |
| Long products | 1,375 | 908 | -34% | 1,085 | 908 | -16% |
| Rails | 990 | 944 | -5% | 1,002 | 944 | -6% |
| Downstream products: | 1,207 | 1,011 | -16% | 1,071 | 1,011 | -6% |
| Metalware products | 1,207 | 1,011 | -16% | 1,071 | 1,011 | -6% |
Note:
Semifinished products include hot metal, pig iron, slabs, billets, ingots, steel casting and forgings.