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EHS
EHS
EHS - Evraz Highveld Steel and Vanadium Limited - First quarter ending 31
March 2012 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)
FIRST QUARTER ENDING 31 MARCH 2012 OPERATIONAL RESULTS
Following the practice of the holding company, EVRAZ plc, to release quarterly
operational information, EVRAZ Highveld hereby releases its results as
follows:
PRODUCTION VOLUMES
Unit of 1Q 2012 4Q 2011 1Q 1Q 2011 1Q
measure 2012/ 2012/
4Q 1Q
Notes 2011, 2011,
% %
change change
Steel segment
Hot metal Tons 196,486 193,201 2 192,296 2
Continuously Tons 175,747 185,200 (5) 195,793 (10)
cast blocks 2
Sections Tons 65,823 60,787 8 62,027 6
Plates Tons 3 44,685 31,296 43 49,639 (10)
Coil Tons 3 25,787 37,410 (31) 28,923 (11)
Vanadium slag Kg 3,832,07 3,574,42 7 3,963,6 (3)
V(2)O(5) 1 3 85
Internal Kg 3,832,07 3,447,28 11 3,846,0 (0)
consumption V(2)O(5) 1 8 46
Fines ore Tons 156,931 150,257 4 152,473 3
Vanadium
segment
Ferrovanadium Kg V 4 1,465,35 1,430,09 2 1,421,1 3
9 1 02
Modified Kg V 231,852 343,127 (32) 428,436 (46)
Vanadium 5
Oxide
Nitrovan Kg V 5 186,733 233,465 (20) 129,002 45
WEIGHTED AVERAGE SELLING PRICES
Unit of 1Q 2012 4Q 2011 1Q 1Q 2011 1Q
measure 2012/ 2012/
4Q 1Q
Notes 2011, 2011,
% %
change change
Steel segment
Total Steel $/ton 6 849 822 3 740 15
Vanadium slag $/Kg 7 - 5 (100) 6 (100)
V(2)O(5)
Fines ore $/ton 8 19 23 (17) 41 (54)
Vanadium
segment
Ferrovanadium $/Kg V 8 23 25 (8) 29 (21)
Modified $/Kg V 17 17 - 22 (23)
Vanadium
Oxide
Nitrovan $/Kg V 8 24 25 (4) 29 (17)
Average R/$ 7.76 8.10 (4) 7.00 11
exchange rate 6
Notes:
1). All prices quoted are delivered prices.
2). Lower continuously cast blocks production in Q1 2012 in comparison to Q4
2011 due to problems with the availability of Steel Plant production
equipment.
3). Higher plate production due to higher export and local demand during Q1
2012 and lower coil production in Q1 2012 in comparison with Q4 2011 due
to a softening in local market demand.
4). Increase in ferrovanadium production in Q1 2012 due to lower orders
received in Q4 2011 and closure over the festive season.
5). Modified vanadium oxide and nitrovan production decreased in Q1 2012 due
to maintenance work performed at EVRAZ Vametco in January 2012.
6). Weighted average steel prices for local and export sales in Rand terms,
decreased by 1%.
7). No vanadium slag sales to third parties in Q1 2012 due to lack of orders
received.
8). Lower international commodity prices negatively affected iron ore and
vanadium product prices.
12 April 2012
Sponsor:
J.P. Morgan Equities Limited
Date: 13/04/2012 12:00:01 Produced by the JSE SENS Department.
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