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EHS
EHS
EHS - Evraz Highveld Steel and Vanadium Limited - Fourth quarter ending
31 December 2011 operational results
Evraz Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS
ISIN: ZAE000146171
("the Company" or "the Group")
FOURTH QUARTER ENDING 31 DECEMBER 2011 OPERATIONAL RESULTS
Following the practice of the holding company, Evraz Group S.A., to release
quarterly operational information, Evraz Highveld hereby releases its results
as follows:
PRODUCTION VOLUMES
Unit of 4Q 2011 3Q 2011 4Q 4Q 2010 4Q
measure 2011/ 2011/
3Q 4Q
2011, 2010,
% %
change change
Steel segment
Hot metal Tons 193,201 115,789 67 208,757 (7)
Continuously Tons 185,200 118,500 56 205,667 (10)
cast blocks
Sections Tons 60,787 40,020 52 46,782 30
Plates Tons 31,296 44,913 (30) 52,592 (40)
Coil Tons 37,410 9,915 277 18,675 100
Vanadium slag Kg 3,574,423 2,862,199 25 4,735,987 (25)
V(2)O(5)
Internal Kg 3,447,288 2,680,201 29 4,735,987 (27)
consumption V(2)O(5)
Fines ore Tons 150,257 186,198 (19) 151,894 (1)
Vanadium
segment
Ferrovanadium Kg V 1,430,091 1,792,567 (20) 1,229,230 16
Modified Kg V 343,127 304,579 13 379,806 (10)
Vanadium
Oxide
nitrovan Kg V 233,465 319,705 (27) - 100
AVERAGE SELLING PRICES
Unit of 4Q 2011 3Q 2011 4Q 4Q 2010 4Q
measure 2011/ 2011/
3Q 4Q
2011, 2010,
% %
change change
Steel segment
Total Steel $/ton 822 880 (7) 663 24
Vanadium slag $/Kg 5 5 - - 100
V(2)O(5)
Fines ore $/ton 23 32 (28) 37 (38)
Vanadium
segment
Ferrovanadium $/Kg V 25 27 (7) 28 (11)
Modified $/Kg V 17 - 100 21 (19)
Vanadium
Oxide
nitrovan $/Kg V 25 28 (11) - 100
Average R/$ 8.10 7.13 14 6.91 17
exchange rate
Note:
1) All prices quoted are delivered prices.
2) Production on hot metal and steel products increased during Q4 in
comparison to Q3, mainly due to the Furnace 7 conversion completed and low
production base in Q3 due to maintenance shutdown and SEIFSA contractor strike
action.
3) Lower plate production due to weak demand and higher coil sale
opportunities were utilised.
4) Vanadium slag increased by a lower increment in comparison to hot metal
production, mainly due to lower vanadium recoveries.
5) Fines ore production was reduced due to lower orders received.
6) Lower ferrovanadium production in Q4 due to lower orders received and
closure over festive season.
7) Production challenges negatively effected nitrovan production.
8) The selling prices decreased due to the weakening of the Rand.
13 January 2012
Sponsor:
J.P. Morgan Equities Limited
Date: 13/01/2012 13:44:00 Produced by the JSE SENS Department.
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