| Fri 12 Jul 2013, 12:51 | | EVRAZ HIGHVELD STEEL & VANADIUM LTD - Second Quarter Ending 30 June 2013 Operational Results |
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EHS 201307120021A
Second Quarter Ending 30 June 2013 Operational Results
EVRAZ Highveld Steel and Vanadium Limited
Registration number: 1960/001900/06
(Incorporated in the Republic of South Africa)
Share code: EHS
ISIN ZAE000146171
(“the Company”)
SECOND QUARTER ENDING 30 JUNE 2013 OPERATIONAL RESULTS
Following the practice of the holding company, EVRAZ plc, to release quarterly operational
information, EVRAZ Highveld Steel and Vanadium Limited hereby releases its results as follows:
PRODUCTION VOLUMES
2Q 2013/ 2Q 2013/
Unit of 1Q 2013, 2Q 2012,
Notes 2Q 2013 1Q 2013 2Q 2012
measure % %
change change
Steel segment
Hot metal Tons 2 158,435 174,151 (9) 163,413 (3)
Continuously cast
blocks Tons 159,163 175,397 (9) 152,819 4
Sections Tons 47,208 49,672 (5) 55,291 (15)
Plates Tons 48,686 44,605 9 34,957 39
Coil Tons 3 38,730 29,497 31 31,422 23
Vanadium slag Kg V 4 1,910,621 1,627,958 17 1,659,882 15
Fines ore Tons 188,463 164,220 15 131,790 43
Vanadium
segment
Ferrovanadium Kg V 5 1,296,676 1,032,043 26 1,318,454 (2)
Modified
Vanadium Oxide
(MVO) Kg V 284,345 259,422 10 351,760 (19)
Nitrovan Kg V 6 134,509 251,639 (47) 150,089 (10)
WEIGHTED AVERAGE SELLING PRICES
2Q 2013/ 2Q 2013/
Unit of 1Q 2013, 2Q 2012,
Notes 2Q 2013 1Q 2013 2Q 2012
measure % %
change change
Steel segment
Total Steel $/ton 752 762 (1) 734 2
Vanadium slag $/Kg V 10 10 (4) 7 40
Fines ore $/ton 32 44 (27) 22 46
Vanadium
segment
Ferrovanadium $/Kg V 27 29 (6) 24 13
Modified
Vanadium Oxide $/Kg V 20 - 0 18 11
Nitrovan $/Kg V 29 30 (3) 24 21
Average
exchange rate R/$ 9.49 8.95 6 8.13 17
Notes:
1) All prices quoted are delivered prices.
The below comments explain material variances between Q2 2013 and Q1 2013:
2) Lower hot metal production as a result of strict load shedding during peak Eskom tariff windows (in
June).
3) Increased production due to a higher demand for coil.
4) Improved V-slag output following plant maintenance and reduction of unprocessed stock.
5) Higher slag availability resulted in higher ferrovanadium production.
6) Excess MVO converted to FeV resulting in decreased Nitrovan production.
12 July 2013
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd
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