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Wednesday 29 April, 2009

OAO Severstal

1Q 2009 Operational Results

RNS Number : 3485R
OAO Severstal
29 April 2009
 






Severstal Releases Q1 2009 Operational Results


April 29, 2009 - Severstal (LSE: SVST) today released its Q1 2009 operational results as follows.


PRODUCTION VOLUMES


Q1 2009 overview


Production of crude steel in Q1 2009 was 3.8 million tonnes, 21% higher than in the previous quarter. Production of rolled products rose 16% to 2.9 million tonnes q-o-q. Total production of iron ore pellets in Q1 2009 was 10lower than in Q4 2008, iron ore concentrate production was up by 21% and coal production decreased by 13%.

In 2009, production volumes for Metalware and the Izhora Pipe Mill are being included in the Russian Steel division. Due to these changes we have restated Q1 2008 and Q4 2008 production numbers for the Russian Steel division.  



Consolidated production of hot metal and crude steel

Total throughput, metric tonnes

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Hot metal: total throughput

3,272,799

2,606,464

-20%

2,209,616

2,606,464

18%

Crude steel: total throughput

4,794,863

3,796,734

-21%

3,142,828

3,796,734

21%


Consolidated production (net of intercompany sales)

Production for sale, metric tonnes unless otherwise stated

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Coal:

755,982

1,027,610

36%

1,319,592

1,027,610

-22%

Coking coal concentrate

289,337

182,104

-37%

493,651

182,104

-63%

Coking coal

44,616

6,616

-85%

25,880

6,616

-74%

Steam coal

422,028

838,890

99%

800,061

838,890

5%

Iron ore:

1,534,309

577,142

-62%

974,613

577,142

-41%

Iron ore pellets

1,310,939

576,989

-56%

944,180

576,989

-39%

Iron ore concentrate

223,370

153

-100%

30,433

153

-99%

Gold (kilogrammes)

900

3,514

290%

2,562

3,514

37%

Semifinished products

521,542

357,363

-31%

401,210

357,363

-11%

Rolled products:

3,547,465

2,909,818

-18%

2,513,328

2,909,818

16%

Hot-rolled strip and plate

1,571,523

1,435,411

-9%

987,946

1,435,411

45%

Cold-rolled sheet

518,667

535,414

3%

488,641

535,414

10%

Galvanised and other metallic coated sheet

394,277

347,691

-12%

422,459

347,691

-18%

Color coated sheet

58,467

56,758

-3%

47,730

56,758

19%

Long products

916,633

440,664

-52%

465,720

440,664

-5%

Rails

87,899

93,880

7%

100,832

93,880

-7%

Downstream products:

469,818

317,247

-32%

383,518

317,247

-17%

Metalware products

269,746

178,118

-34%

204,777

178,118

-13%

Large diameter pipes

78,049

52,506

-33%

116,732

52,506

-55%

Other tubes and pipes, formed shapes

122,023

86,623

-29%

62,010

86,623

40%











Segmental information


Mining


Production for sale, metric tones unless otherwise stated

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Coal:

1,814,799

1,723,042

-5%

1,970,510

1,723,042

-13%

Coking coal concentrate

1,185,770

877,536

-26%

1,089,538

877,536

-19%

Coking coal

207,001

6,616

-97%

80,911

6,616

-92%

Steam coal

422,028

838,890

99%

800,061

838,890

5%

Iron ore:

3,778,094

2,550,271

-32%

2,485,870

2,550,271

3%

Iron ore pellets

2,627,162

1,369,833

-48%

1,513,720

1,369,833

-10%

Iron ore concentrate

1,150,932

1,180,438

3%

972,150

1,180,438

21%

Gold (kilogrammes)

900

3,514

290%

2,562

3,514

37%


* In April 2008, we sold Kuzbassugol to Arcelor Mittal.


Russian Steel


Total throughput, metric tonnes

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Hot metal: total throughput

2,311,162

1,561,570

-32%

1,289,436

1,561,570

21%

Crude steel: total throughput

3,186,508

2,071,147

-35%

1,657,971

2,071,147

25%

Production for sale, metric tonnes







Semifinished products

239,421

227,966

-5%

206,399

227,966

10%

Rolled products:

2,393,823

1,506,278

-37%

1,421,162

1,506,278

6%

Hot-rolled strip and plate

1,188,505

919,753

-23%

603,341

919,753

52%

Cold-rolled sheet

367,800

237,344

-35%

247,348

237,344

-4%

Galvanised and other metallic coated sheet

181,178

79,938

-56%

107,362

79,938

-26%

Color coated sheet

58,467

50,298

-14%

40,695

50,298

24%

Long products

369,776

218,945

-41%

191,568

218,945

14%

Downstream products:

463,165

284,338

-39%

338,210

284,338

-16%

Metalware products

263,093

145,037

-45%

159,469

145,037

-9%

Large diameter pipes

78,049

52,506

-33%

116,732

52,506

-55%

Other tubes and pipes, formed shapes

122,023

86,795

-29%

62,010

86,795

40%


North America


Total throughput, metric tonnes

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Hot metal: total throughput

331,487

717,995

117%

579,799

717,995

24%

Crude steel: total throughput

711,443

1,344,501

89%

1,002,132

1,344,501

34%

Production for sale, metric tonnes







Semifinished products

0

12,137

n/a

18,488

12,137

-34%

Rolled products:

746,983

1,088,263

46%

948,031

1,088,263

15%

Hot-rolled strip and plate

383,018

515,980

35%

384,605

515,980

34%

Cold-rolled sheet

150,867

298,070

98%

241,293

298,070

24%

Galvanised and other metallic coated

sheet

213,099

267,753

26%

315,098

267,753

-15%

Color coated sheet

0

6,460

n/a

7,035

6,460

-8%

Downstream products:

0

24,250

n/a

33,143

24,250

-27%

Metalware products

0

24,250

n/a

33,143

24,250

-27%


 



Lucchini


Total throughput, metric tonnes

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Hot metal: total throughput

630,150

326,899

-48%

340,381

326,899

-4%

Crude steel: total throughput

896,912

381,086

-58%

482,725

381,086

-21%

Production for sale, metric tonnes







Semifinished products

282,121

117,260

-58%

176,322

117,260

-33%

Rolled products:

634,756

317,275

-50%

377,818

317,275

-16%

Long products

546,857

223,395

-59%

276,986

223,395

-19%

Rails

87,899

93,880

7%

100,832

93,880

-7%

Downstream products:

6,653

9,422

42%

12,165

9,422

-23%

Metalware products

6,653

9,422

42%

12,165

9,422

-23%




AVERAGE SELLING PRICES


Consolidated sales


Sales prices (EXW), USD/tonne unless otherwise stated

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Coal:

91

61

-33%

90

61

-33%

Coking coal concentrate

123

91

-26%

129

91

-29%

Coking coal

47

10

-78%

36

10

-72%

Steam coal

32

42

30%

39

42

7%

Iron ore:

91

41

-55%

68

41

-39%

Iron ore pellets

97

45

-53%

82

45

-45%

Iron ore concentrate

77

35

-54%

50

35

-30%

Gold (USD/kilogramme)

30,744

29,939

-3%

27,289

29,939

10%

Semifinished products







Rolled products:

769

645

-16%

958

645

-33%

Hot-rolled strip and plate

640

494

-23%

849

494

-42%

Cold-rolled sheet

686

660

-4%

956

660

-31%

Galvanised and other metallic coated sheet

872

893

2%

1,076

893

-17%

Color coated sheet

1,165

951

-18%

1,440

951

-34%

Long products

900

750

-17%

932

750

-20%

Rails

901

1,002

11%

887

1,002

13%

Downstream products:

1,146

1,053

-8%

1,478

1,053

-29%

Metalware products

1,044

1,003

-4%

1,417

1,003

-29%

Large diameter pipes

2,051

1,850

-10%

2,560

1,850

-28%

Other tubes and pipes, formed shapes

814

538

-34%

944

538

-43%




Mining


Sales prices (EXW), USD/tonne unless otherwise stated

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Coal:

91

61

-33%

90

61

-33%

Coking coal concentrate

123

91

-26%

129

91

-29%

Coking coal

47

10

-78%

36

10

-72%

Steam coal

32

42

30%

39

42

7%

Iron ore:

91

41

-55%

68

41

-39%

Iron ore pellets

97

45

-53%

82

45

-45%

Iron ore concentrate

77

35

-54%

50

35

-30%

Gold (USD/kilogramme)

30,744

29,939

-3%

27,289

29,939

10%




Russian Steel


Sales prices (EXW), USD/tonne

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Semifinished products

502

320

-36%

524

320

-39%

Rolled products:

689

452

-34%

847

452

-47%

Hot-rolled strip and plate

663

419

-37%

935

419

-55%

Cold-rolled sheet

680

479

-30%

865

479

-45%

Galvanised and other metallic coated sheet

884

664

-25%

1,013

664

-34%

Color coated sheet

1,165

913

-22%

1,392

913

-34%

Long products

627

408

-35%

542

408

-25%

Downstream products:

1,146

992

-13%

1,423

992

-30%

Metalware products

1,042

867

-17%

1,323

867

-34%

Large diameter pipes

2,051

1,850

-10%

2,560

1,850

-28%

Other tubes and pipes, formed shapes

814

538

-34%

944

538

-43%


North America


Sales prices (EXW), USD/tonne

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Semifinished products

0

462

n/a

640

462

-28%

Rolled products:

710

757

6%

1,006

757

-25%

Hot-rolled strip and plate

622

605

-3%

904

605

-33%

Cold-rolled sheet

702

793

13%

1,029

793

-23%

Galvanised and other metallic coated sheet

863

951

10%

1,090

951

-13%

Color coated sheet

0

1,214

n/a

1,692

1,214

-28%

Downstream products:

0

1,643

n/a

1,852

1,643

-11%

Metalware products

0

1,643

n/a

1,852

1,643

-11%



Lucchini


Sales prices (EXW), USD/tonne

Q1 2008

Q1 2009

Q1 2009/

Q1 2008

Q4 2008

Q1 2009

Q1 2009/

Q4 2008

Semifinished products

592

554

-6%

696

554

-20%

Rolled products:

1,132

1,071

-5%

1,244

1,071

-14%

Long products

1,163

1,102

-5%

1,357

1,102

-19%

Rails

901

1,002

11%

887

1,002

13%

Downstream products:

1,121

1,071

-4%

1,264

1,071

-15%

Metalware products

1,121

1,071

-4%

1,264

1,071

-15%



Note:

Semifinished products include hot metal, pig iron, slabs, billets, ingots, steel casting and forgings.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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