27 Jul 2012 07:00
Severstal reports Q2 2012 operational results
Moscow, Russia - July 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 Q2 2012.
SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA
Production, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Crude steel (total output): | 3 803 314 | 3 989 725 | -5% | 7 793 039 | 7 521 346 | 4% |
Russian Steel | 2 643 000 | 2 714 900 | -3% | 5 357 900 | 5 684 975 | -6% |
Severstal North America (SNA) | 1 160 314 | 1 274 825 | -9% | 2 435 139 | 1 836 371 | 33% |
Hot metal (total output): | 2 547 066 | 2 716 289 | -6% | 5 263 355 | 5 296 511 | -1% |
Russian Steel | 2 084 200 | 2 226 800 | -6% | 4 311 000 | 4 419 305 | -2% |
North America | 462 866 | 489 489 | -5% | 952 355 | 877 206 | 9% |
Sales volume, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Coking coal concentrate | 1 816 313 | 1 795 760 | 1% | 3 612 073 | 3 733 297 | -3% |
Iron ore pellets | 2 563 135 | 2 549 152 | 1% | 5 112 287 | 4 568 303 | 12% |
Iron ore concentrate | 1 255 390 | 1 101 071 | 14% | 2 356 461 | 2 293 159 | 3% |
Total steel products* | 3 771 580 | 3 756 401 | 0% | 7 527 981 | 7 054 163 | 7% |
Total steel products (Russian Steel) | 2 588 741 | 2 625 513 | -1% | 5 214 254 | 5 355 586 | -3% |
Total steel products (SNA) | 1 195 900 | 1 220 549 | -2% | 2 416 449 | 1 707 085 | 42% |
Average price, $/tonne | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Coking coal concentrate | 138 | 161 | -14% | 138 | 185 | -25% |
Iron ore pellets | 120 | 118 | 2% | 119 | 134 | -11% |
Hot-rolled coil and plate (Russian Steel) | 640 | 654 | -2% | 648 | 733 | -12% |
Rolled products (SNA) | 864 | 869 | -1% | 867 | 893 | -3% |
* - Net of intercompany sales
SALES VOLUME BY SEGMENT
Severstal Resources
Sales volume, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Coal: | 2 507 593 | 2 526 345 | -1% | 5 033 938 | 5 276 139 | -5% |
Coking coal concentrate, including: | 1 816 313 | 1 795 760 | 1% | 3 612 073 | 3 733 297 | -3% |
Vorkutaugol | 1 162 890 | 1 209 918 | -4% | 2 372 808 | 2 626 229 | -10% |
PBS Coals* | 653 423 | 585 842 | 12% | 1 239 265 | 1 107 068 | 12% |
Raw coking coal, Vorkutaugol | 149 870 | 179 312 | -16% | 329 182 | 119 137 | 176% |
Steam coal, including: | 541 410 | 551 274 | -2% | 1 092 684 | 1 423 705 | -23% |
Vorkutaugol | 541 106 | 541 500 | 0% | 1 082 605 | 915 647 | 18% |
PBS Coals | 304 | 9 774 | -97% | 10 078 | 508 058 | -98% |
Iron ore: | 3 818 525 | 3 650 223 | 5% | 7 468 748 | 6 861 462 | 9% |
Iron ore pellets | 2 563 135 | 2 549 152 | 1% | 5 112 287 | 4 568 303 | 12% |
Iron ore concentrate | 1 255 390 | 1 101 071 | 14% | 2 356 461 | 2 293 159 | 3% |
Severstal Russian Steel
Sales volume, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Total steel products | 2 588 741 | 2 625 513 | -1% | 5 214 254 | 5 355 586 | -3% |
Semi-finished products | 315 753 | 364 755 | -13% | 680 507 | 637 843 | 7% |
Rolled products: | 1 828 596 | 1 865 411 | -2% | 3 694 007 | 3 775 544 | -2% |
Hot-rolled coil | 946 419 | 1 091 127 | -13% | 2 037 546 | 1 997 044 | 2% |
Hot-rolled plate | 110 777 | 141 403 | -22% | 252 180 | 284 067 | -11% |
Cold-rolled coil | 318 588 | 291 865 | 9% | 610 453 | 681 524 | -10% |
Galvanised and metallic coated coil | 145 334 | 138 718 | 5% | 284 052 | 332 123 | -14% |
Color coated coil | 90 171 | 69 309 | 30% | 159 481 | 113 150 | 41% |
Long products | 217 308 | 132 989 | 63% | 350 297 | 367 636 | -5% |
Downstream products: | 444 392 | 395 347 | 12% | 839 739 | 942 199 | -11% |
Metalware products | 196 618 | 179 356 | 10% | 375 975 | 393 828 | -5% |
Large diameter pipes | 84 513 | 77 428 | 9% | 161 941 | 267 423 | -39% |
Other tubes, pipes, formed shapes | 163 261 | 138 563 | 18% | 301 824 | 280 949 | 7% |
Severstal North America
Sales volume, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Rolled products: | 1 195 900 | 1 220 549 | -2% | 2 416 449 | 1 707 085 | 42% |
Hot-rolled coil and plate | 654 294 | 695 700 | -6% | 1 349 994 | 798 983 | 69% |
Cold-rolled coil | 136 892 | 147 386 | -7% | 284 278 | 266 449 | 7% |
Galvanised and metallic coated coil | 404 714 | 377 463 | 7% | 782 178 | 641 653 | 22% |
CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)
Sales volume, tonnes | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Coal: | 1 693 132 | 1 707 171 | -1% | 3 400 302 | 3 518 416 | -3% |
Coking coal concentrate | 1 001 852 | 976 585 | 3% | 1 978 437 | 1 975 574 | 0% |
Raw coking coal | 149 870 | 179 312 | -16% | 329 182 | 119 137 | 176% |
Steam coal | 541 410 | 551 274 | -2% | 1 092 684 | 1 423 705 | -23% |
Iron ore: | 1 583 257 | 1 201 113 | 32% | 2 784 370 | 2 228 007 | 25% |
Iron ore pellets | 1 583 257 | 1 201 113 | 32% | 2 784 370 | 2 025 546 | 37% |
Semi-finished products | 315 956 | 325 492 | -3% | 641 448 | 638 162 | 1% |
Rolled products: | 3 013 186 | 3 036 203 | -1% | 6 049 389 | 5 474 993 | 10% |
Hot-rolled coil and plate | 1 702 658 | 1 880 978 | -9% | 3 583 636 | 3 079 969 | 16% |
Cold-rolled coil | 455 479 | 439 251 | 4% | 894 730 | 947 973 | -6% |
Galvanised and metallic coated coil | 550 048 | 516 181 | 7% | 1 066 229 | 973 776 | 9% |
Color coated coil | 90 171 | 69 309 | 30% | 159 481 | 113 150 | 41% |
Long products | 214 829 | 130 483 | 65% | 345 312 | 360 125 | -4% |
Downstream products: | 442 438 | 394 706 | 12% | 837 144 | 941 008 | -11% |
Metalware products | 196 123 | 178 715 | 10% | 374 839 | 392 637 | -5% |
Large diameter pipes | 83 054 | 77 428 | 7% | 160 482 | 267 423 | -40% |
Other tubes, pipes, formed shapes | 163 261 | 138 563 | 18% | 301 824 | 280 949 | 7% |
AVERAGE SELLING PRICES BY SEGMENT
Severstal Resources
Sales price, $/tonne | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Coal: | ||||||
Coking coal concentrate, Vorkutaugol | 140 | 166 | -16% | 153 | 198 | -23% |
Coking coal concentrate, PBS Coals | 136 | 152 | -10% | 143 | 155 | -8% |
Raw coking coal, Vorkutaugol | 71 | 75 | -5% | 73 | 146 | -50% |
Steam coal, Vorkutaugol | 39 | 37 | 6% | 38 | 39 | -1% |
Iron ore: | ||||||
Iron ore pellets | 120 | 118 | 2% | 119 | 134 | -11% |
Iron ore concentrate | 85 | 88 | -3% | 86 | 100 | -13% |
Severstal Russian Steel
Sales price, $/tonne | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Semi-finished products | 580 | 495 | 17% | 534 | 604 | -12% |
Rolled products: | ||||||
Hot-rolled coil and plate | 640 | 654 | -2% | 648 | 733 | -12% |
Cold-rolled coil | 753 | 757 | -1% | 755 | 846 | -11% |
Galvanised and metallic coated coil | 1 004 | 959 | 5% | 982 | 982 | 0% |
Color coated coil | 1 215 | 1 188 | 2% | 1 203 | 1 237 | -3% |
Long products | 666 | 690 | -3% | 675 | 750 | -10% |
Downstream products: | ||||||
Metalware products | 1 192 | 1 222 | -2% | 1 206 | 1 235 | -2% |
Large diameter pipes | 1 450 | 1 990 | -27% | 1 708 | 2 059 | -17% |
Other tubes, pipes, formed shapes | 767 | 795 | -4% | 780 | 886 | -12% |
Severstal North America
Sales price, $/tonne | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Rolled products | 864 | 869 | -1% | 867 | 893 | -3% |
AVERAGE SELLING PRICES FOR CONSOLIDATED SALES
Sales price, $/tonne | Q2 2012 | Q1 2012 | Change, % | H1 2012 | H1 2011 | Change, % |
Mining products: | ||||||
Coking coal concentrate | 139 | 161 | -14% | 147 | 185 | -21% |
Raw coking coal, Vorkutaugol | 71 | 75 | -5% | 73 | 146 | -50% |
Steam coal | 39 | 38 | 5% | 40 | 48 | -18% |
Iron ore pellets | 124 | 118 | 5% | 121 | 134 | -10% |
Steel products: | ||||||
Hot-rolled coil and plate | 686 | 702 | -2% | 694 | 754 | -8% |
Cold-rolled coil | 807 | 806 | 0% | 807 | 855 | -6% |
Galvanised and metallic coated coil | 1 009 | 993 | 2% | 1 001 | 992 | 1% |
Color coated coil | 1 215 | 1 188 | 2% | 1 203 | 1 237 | -3% |
Long products | 666 | 690 | -3% | 675 | 750 | -10% |
Metalware products | 1 192 | 1 222 | -2% | 1 206 | 1 235 | -2% |
Large diameter pipes | 1 450 | 1 990 | -27% | 1 708 | 2 059 | -17% |
Other tubes, pipes, formed shapes | 767 | 795 | -4% | 780 | 886 | -12% |
Notes: 1) All production data is reported in metric tonnes; 2) Segmental data includes 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