26 Oct 2009 07:17
Severstal Releases Q3 2009 Operational Results
October 26, 2009 - Severstal (LSE: SVST) today released its Q3 2009 operational results as follows.
PRODUCTION VOLUMES
Q3 2009 overview
Production of crude steel in Q3 2009 was 4,519 thousand tonnes, 19% higher than in the previous quarter. Production of rolled products also increased by 19% to 3,426 thousand tonnes q-o-q. Total production of iron ore pellets in Q3 2009 was 13% higher than in Q2 2009, iron ore concentrate production was up by 10% and coal production increased by 16%.
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 Q3 2008 production numbers for the Russian Steel division.
Consolidated production of hot metal and crude steel
| Total throughput, metric tonnes | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Hot metal: total throughput | 4,323,240 | 3,304,890 | -24% | 2,795,363 | 3,304,890 | 18% |
| Crude steel: total throughput | 6,008,750 | 4,518,672 | -25% | 3,813,117 | 4,518,672 | 19% |
Consolidated production (net of intercompany sales)
| Production for sale, metric tonnes unless otherwise stated | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Coal: | 1,055,278 | 1,500,714 | 42% | 1,051,258 | 1,500,714 | 43% |
| Coking coal concentrate | 355,177 | 328,106 | -8% | 45,277 | 328,106 | n.m. |
| PBS Coal | 0 | 114,872 | n.m. | 19,516 | 114,872 | n.m. |
| Coking coal | 86,290 | 11,664 | -86% | 81,290 | 11,664 | -86% |
| Steam coal | 613,810 | 1,160,945 | 89% | 924,691 | 1,160,945 | 26% |
| PBS Coal | 0 | 446,958 | n.m. | 447,991 | 446,958 | 0% |
| Iron ore: | 1,138,118 | 1,442,325 | 27% | 1,107,170 | 1,442,325 | 30% |
| Iron ore pellets | 1,050,650 | 1,329,536 | 27% | 1,107,170 | 1,329,536 | 20% |
| Iron ore concentrate | 87,468 | 112,789 | 29% | 0 | 112,789 | n.m. |
| Gold (oz tr.) | 45,043 | 143,614 | 219% | 111,113 | 143,614 | 29% |
| Semifinished products | 727,851 | 513,583 | -29% | 139,619 | 513,583 | 268% |
| Rolled products: | 4,233,193 | 3,425,766 | -19% | 2,874,195 | 3,425,766 | 19% |
| Hot-rolled strip and plate | 1,986,769 | 1,734,119 | -13% | 1,356,389 | 1,734,119 | 28% |
| Cold-rolled sheet | 727,573 | 717,026 | -1% | 611,317 | 717,026 | 17% |
| Galvanised and metallic coated sheet | 610,814 | 489,587 | -20% | 424,033 | 489,587 | 15% |
| Color coated sheet | 65,555 | 80,851 | 23% | 69,759 | 80,851 | 16% |
| Long products | 787,556 | 376,134 | -52% | 358,186 | 376,134 | 5% |
| Rails | 54,927 | 28,049 | -49% | 54,511 | 28,049 | -49% |
| Downstream products: | 516,608 | 422,388 | -18% | 345,345 | 422,388 | 22% |
| Metalware products | 249,719 | 229,120 | -8% | 199,333 | 229,120 | 15% |
| Large diameter pipes | 134,424 | 80,432 | -40% | 34,739 | 80,432 | 132% |
| Other tubes and pipes, formed shapes | 132,466 | 112,835 | -15% | 111,273 | 112,835 | 1% |
Segmental information
Mining
| Production for sale, metric tonnes unless otherwise stated | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Coal: | 1,997,203 | 2,446,559 | 22% | 2,109,561 | 2,446,559 | 16% |
| Coking coal concentrate | 1,106,384 | 1,273,951 | 15% | 1,103,580 | 1,273,951 | 15% |
| PBS Coal | 0 | 185,148 | n.m. | 37,200 | 185,148 | n.m. |
| Coking coal | 277,009 | 11,664 | -96% | 81,290 | 11,664 | -86% |
| Steam coal | 613,810 | 1,160,945 | 89% | 924,691 | 1,160,945 | 26% |
| PBS Coal | 0 | 446,958 | n.m. | 447,991 | 446,958 | 0% |
| Iron ore: | 3,919,119 | 3,786,182 | -3% | 3,387,060 | 3,786,182 | 12% |
| Iron ore pellets | 2,640,085 | 2,394,946 | -9% | 2,118,849 | 2,394,946 | 13% |
| Iron ore concentrate | 1,279,034 | 1,391,236 | 9% | 1,268,211 | 1,391,236 | 10% |
| Gold (oz tr.) | 45,043 | 143,614 | 219% | 111,113 | 143,614 | 29% |
Russian Steel
| Total throughput, metric tonnes | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Hot metal: total throughput | 2,294,702 | 2,001,667 | -13% | 1,626,297 | 2,001,667 | 23% |
| Crude steel: total throughput | 3,177,342 | 2,703,784 | -15% | 2,123,501 | 2,703,784 | 27% |
| Production for sale, metric tonnes | ||||||
| Semifinished products | 256,731 | 303,136 | 18% | 96,835 | 303,136 | 213% |
| Rolled products: | 2,151,804 | 1,908,594 | -11% | 1,605,663 | 1,908,594 | 19% |
| Hot-rolled strip and plate | 1,161,890 | 1,164,696 | 0% | 962,424 | 1,164,696 | 21% |
| Cold-rolled sheet | 375,189 | 370,736 | -1% | 348,506 | 370,736 | 6% |
| Galvanised and metallic coated sheet | 192,695 | 152,352 | -21% | 111,642 | 152,352 | 36% |
| Color coated sheet | 60,398 | 58,187 | -4% | 56,531 | 58,187 | 3% |
| Long products | 361,631 | 162,624 | -55% | 126,560 | 162,624 | 28% |
| Downstream products: | 476,358 | 381,629 | -20% | 319,302 | 381,629 | 20% |
| Metalware products | 209,468 | 188,162 | -10% | 172,623 | 188,162 | 9% |
| Large diameter pipes | 134,424 | 80,460 | -40% | 35,289 | 80,460 | 128% |
| Other tubes and pipes, formed shapes | 132,466 | 113,006 | -15% | 111,390 | 113,006 | 1% |
North America
| Total throughput, metric tonnes | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Hot metal: total throughput | 1,429,900 | 964,326 | -33% | 851,893 | 964,326 | 13% |
| Crude steel: total throughput | 2,068,252 | 1,444,848 | -30% | 1,229,371 | 1,444,848 | 18% |
| Production for sale, metric tonnes | ||||||
| Rolled products: | 1,600,537 | 1,275,632 | -20% | 982,648 | 1,275,632 | 30% |
| Hot-rolled strip and plate | 824,878 | 569,443 | -31% | 394,218 | 569,443 | 44% |
| Cold-rolled sheet | 352,384 | 346,290 | -2% | 262,812 | 346,290 | 32% |
| Galvanised and metallic coated sheet | 418,119 | 337,235 | -19% | 312,391 | 337,235 | 8% |
| Color coated sheet | 5,156 | 22,664 | n.m. | 13,228 | 22,664 | 71% |
| Downstream products: | 29,730 | 31,878 | 7% | 15,423 | 31,878 | 107% |
| Metalware products | 29,730 | 31,878 | 7% | 15,423 | 31,878 | 107% |
Lucchini
| Total throughput, metric tonnes | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Hot metal: total throughput | 598,638 | 338,897 | -43% | 317,173 | 338,897 | 7% |
| Crude steel: total throughput | 763,156 | 370,040 | -52% | 460,245 | 370,040 | -20% |
| Production for sale, metric tonnes | ||||||
| Semifinished products | 280,213 | 250,618 | -11% | 35,082 | 250,618 | n.m. |
| Rolled products: | 480,852 | 251,507 | -48% | 294,895 | 251,507 | -15% |
| Long products | 425,925 | 223,458 | -48% | 240,384 | 223,458 | -7% |
| Rails | 54,927 | 28,049 | -49% | 54,511 | 28,049 | -49% |
| Downstream products: | 10,266 | 9,463 | -8% | 11,495 | 9,463 | -18% |
| Metalware products | 10,266 | 9,463 | -8% | 11,495 | 9,463 | -18% |
AVERAGE SELLING PRICES
Consolidated sales
| Sales prices (EXW), USD/tonne unless otherwise stated | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Coal: | 122 | 62 | -49% | 64 | 62 | -3% |
| Coking coal concentrate | 169 | 75 | -55% | 81 | 75 | -7% |
| PBS Coal | 0 | 107 | n.m. | 95 | 107 | 13% |
| Coking coal | 69 | 26 | -62% | 25 | 26 | 5% |
| Steam coal | 35 | 39 | 11% | 41 | 39 | -5% |
| PBS Coal | 0 | 57 | n.m. | 59 | 57 | -4% |
| Iron ore: | 98 | 39 | -60% | 40 | 39 | -2% |
| Iron ore pellets | 108 | 44 | -60% | 43 | 44 | 1% |
| Iron ore concentrate | 78 | 32 | -59% | 35 | 32 | -8% |
| Gold (USD/oz tr.) | 918 | 959 | 4% | 934 | 959 | 3% |
| Semifinished products | 907 | 384 | -58% | 358 | 384 | 7% |
| Rolled products: | 1,184 | 594 | -50% | 582 | 594 | 2% |
| Hot-rolled strip and plate | 1,117 | 476 | -57% | 423 | 476 | 13% |
| Cold-rolled sheet | 1,113 | 563 | -49% | 565 | 563 | 0% |
| Galvanised and metallic coated sheet | 1,193 | 817 | -32% | 789 | 817 | 4% |
| Color coated sheet | 1,642 | 1,051 | -36% | 979 | 1,051 | 7% |
| Long products | 1,319 | 674 | -49% | 738 | 674 | -9% |
| Rails | 989 | 1,034 | 4% | 944 | 1,034 | 10% |
| Downstream products: | 1,864 | 1,038 | -44% | 1,133 | 1,038 | -8% |
| Metalware products | 1,655 | 943 | -43% | 973 | 943 | -3% |
| Large diameter pipes | 2,950 | 1,840 | -38% | 2,120 | 1,840 | -13% |
| Other tubes and pipes, formed shapes | 1,271 | 579 | -54% | 546 | 579 | 6% |
Mining
| Sales prices (EXW), USD/tonne unless otherwise stated | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Coal: | 122 | 62 | -49% | 64 | 62 | -3% |
| Coking coal concentrate | 169 | 75 | -55% | 81 | 75 | -7% |
| PBS Coal | 0 | 107 | n.m. | 95 | 107 | 13% |
| Coking coal | 69 | 26 | -62% | 25 | 26 | 5% |
| Steam coal | 35 | 39 | 11% | 41 | 39 | -5% |
| PBS Coal | 0 | 57 | n.m. | 59 | 57 | -4% |
| Iron ore: | 98 | 39 | -60% | 40 | 39 | -2% |
| Iron ore pellets | 108 | 44 | -60% | 43 | 44 | 1% |
| Iron ore concentrate | 78 | 32 | -59% | 35 | 32 | -8% |
| Gold (USD/oz tr.) | 918 | 959 | 4% | 934 | 959 | 3% |
Russian Steel
| Sales prices (EXW), USD/tonne | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Semifinished products | 914 | 341 | -63% | 289 | 341 | 18% |
| Rolled products: | 1,181 | 501 | -58% | 442 | 501 | 13% |
| Hot-rolled strip and plate | 1,176 | 462 | -61% | 386 | 462 | 20% |
| Cold-rolled sheet | 1,089 | 485 | -55% | 459 | 485 | 6% |
| Galvanised and metallic coated sheet | 1,339 | 726 | -46% | 609 | 726 | 19% |
| Color coated sheet | 1,626 | 1,030 | -37% | 961 | 1,030 | 7% |
| Long products | 1,146 | 470 | -59% | 443 | 470 | 6% |
| Downstream products: | 1,881 | 1,009 | -46% | 1,102 | 1,009 | -8% |
| Metalware products | 1,649 | 857 | -48% | 858 | 857 | 0% |
| Large diameter pipes | 2,950 | 1,840 | -38% | 2,120 | 1,840 | -13% |
| Other tubes and pipes, formed shapes | 1,271 | 579 | -54% | 546 | 579 | 6% |
North America
| Sales prices (EXW), USD/tonne | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Rolled products: | 1,110 | 674 | -39% | 667 | 674 | 1% |
| Hot-rolled strip and plate | 1,084 | 506 | -53% | 495 | 506 | 2% |
| Cold-rolled sheet | 1,135 | 653 | -42% | 661 | 653 | -1% |
| Galvanised and metallic coated sheet | 1,132 | 849 | -25% | 835 | 849 | 2% |
| Color coated sheet | 1,860 | 1,118 | -40% | 1,067 | 1,118 | 5% |
| Downstream products: | 1,788 | 1,388 | -22% | 1,526 | 1,388 | -9% |
| Metalware products | 1,788 | 1,388 | -22% | 1,526 | 1,388 | -9% |
Lucchini
| Sales prices (EXW), USD/tonne | Q3 2008 | Q3 2009 | Change,% | Q2 2009 | Q3 2009 | Change,% |
| Semifinished products | 848 | 419 | -51% | 474 | 419 | -12% |
| Rolled products: | 1,475 | 891 | -40% | 914 | 891 | -2% |
| Long products | 1,535 | 873 | -43% | 908 | 873 | -4% |
| Rails | 989 | 1,033 | 4% | 944 | 1,033 | 9% |
| Downstream products: | 1,363 | 966 | -29% | 1,011 | 966 | -4% |
| Metalware products | 1,363 | 966 | -29% | 1,011 | 966 | -4% |
Note:
Semifinished products include hot metal, pig iron, slabs, billets, ingots, steel casting and forgings.