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HVL
HVL
HVL - Highveld - First Quarter Ending 31 March 2009 Operational Results
HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1960/001900/06)
Share code: HVL & ISIN: ZAE000003422
("Highveld")
FIRST QUARTER ENDING 31 MARCH 2009 OPERATIONAL RESULTS
Following the practice of the holding company, Evraz Group S.A., to release
quarterly operational information, Highveld hereby releases its results as
follows:
PRODUCTION VOLUMES
Unit of First First First Fourth First
measure Quarter Quarter Quarter Quarter Quarter
2009 2008 2009 2008 2009
versus versus
First Fourth
Quarter Quarter
2008 % 2008 %
change change
Steel segment
Hot metal Tons 125 251 181 603 (31.0) 154 011 (18.7)
Continuously Tons 137 786 188 339 (26.8) 168 554 (18.3)
cast blocks
Blocks for sale Tons 63 727 - n/a - n/a
Sections Tons 15 185 77 771 (80.5) 61 301 (75.2)
Plates Tons 31 410 46 968 (33.1) 46 143 (31.9)
Coil Tons 11 017 37 375 (70.5) 27 969 (60.6)
Vanadium slag Kg V2O5 1 662 843 3 260 496 (49.0) 3 323 193 (50.0)
Internal Kg V2O5 1 662 843 2 465 713 (32.6) 3 012 285 (44.8)
consumption
Fines ore (note Tons 123 720 - n/a 130 225 (5.0)
1)
Vanadium segment
Kg V 1 229 108 1 736 230 (29.2) 1 122 012 9.5
Ferrovanadium
(note 1)
AVERAGE SELLING PRICES
Unit of First First First Fourth First
measure Quarter Quarter Quarter Quarter Quarter 2009
2009 2008 2009 2008 versus
versus Fourth
First Quarter 2008
Quarter % change
2008 %
change
Steel segment
Total Steel $/ton 696 746 (6.7) 914 (23.9)
Vanadium slag $/Kg - 18 n/a 13 n/a
V2O5
Fines ore $/ton 19 - n/a 42 (54.8)
(note 1)
Vanadium segment
$/Kg V 27 47 (42.6) 44 (38.6)
Ferrovanadium
(note 1)
Average R/$ 9.95 7.53 32.1 9.96 (0.1)
exchange rate
Note:
1) External production of fines ore are only reported from 30 August 2008,
following the disposal of the Vanchem division. Previously all fines
production was consumed internally. Ferrovanadium produced by Vanchem in
the prior years are excluded in order to achieve comparability.
28 April 2009
Sponsor:
J.P. Morgan Equities Limited
Date: 28/04/2009 17:00:01 Produced by the JSE SENS Department.
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