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HVL
HVL
HVL - Highveld Steel And Vanadium Corporation - First Quarter Ending 31 March
2010 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 2010 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
2010 2009 2010 2009 2010
versus versus
First Fourth
Quarter Quarter
2009 % 2009 %
change change
Steel segment
Hot metal Tons 180,456 125,251 44.1 202,441 (10.9)
Continuously Tons 179,718 137,786 30.4 206,084 (12.8)
cast blocks
Blocks and Tons - 63,727 (100.0) - -
slabs for
sale
Sections Tons 55,333 15,185 264.4 68,398 (19.1)
Plates Tons 61,493 31,410 95.8 53,495 14.9
Coil Tons 36,757 11,017 233.6 53,398 (31.2)
Vanadium slag Kg V2O5 3,394,505 1,662,843 104.1 3,957,405 (14.2)
Internal Kg V2O5 2,012,376 1,662,843 21.0 3,147,006 (36.1)
consumption
Fines ore Tons 165,863 123,720 34.1 166,189 (0.2)
Vanadium
segment
Ferrovanadium Kg V 1,567,910 1,229,108 27.6 1,393,947 12.5
AVERAGE SELLING PRICES
Unit of First First First Fourth First
measure Quarter Quarter Quarter Quarter Quarter
2010 2009 2010 2009 2010
versus versus
First Fourth
Quarter Quarter
2009 % 2009 %
change change
Steel segment
Total Steel $/ton 700 696 0.6 725 (3.4)
Vanadium slag $/Kg V2O5 6 - 100.0 6 -
Fines ore $/ton 34 19 78.9 14 142.9
Vanadium
segment
Ferrovanadium $/Kg V 24 27 (11.1) 23 4.3
Average R/$ 7.52 9.95 (24.4) 7.51 0.1
exchange rate
Note:
1) All prices quoted are delivered prices.
14 April 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 14/04/2010 15:00:02 Produced by the JSE SENS Department.
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