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OAO Severstal (SVST)

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Tuesday 31 January, 2012

OAO Severstal

Q4 2011 Trading Update

RNS Number : 4552W
OAO Severstal
31 January 2012
 



 

 

 

 

 

Severstal reports Q4 and FY 2011 operational results

 

 

Moscow, Russia - January  31, 2012 - OAO Severstal (LSE: SVST), one of the world's leading vertically integrated steel and mining companies, today announces its operational results for Q4 and 12 months 2011. On November 30, 2011, Severstal announced the separation of its gold business. The transaction was completed in January, 2012.

 

SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA

Production, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Hot metal (total output):

2 618 165

2 629 011

0%

10 543 687

10 490 584

1%

Russian Steel

2 213 400

2 182 354

1%

8 815 059

8 689 308

1%

North America

404 765

446 657

-9%

1 728 628

1 801 276

-4%

Crude steel (total output):

3 761 692

4 010 369

-6%

15 293 407

14 724 677

4%

Russian Steel

2 788 605

2 881 165

-3%

11 354 746

11 085 171

2%

Severstal North America (SNA)

973 087

1 129 204

-14%

3 938 661

3 639 506

8%

Sales volume, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coking coal concentrate

1 876 736

1 981 637

-5%

7 591 670

7 262 414

5%

Iron ore pellets

2 617 272

2 865 831

-9%

10 051 406

9 797 203

3%

Iron ore concentrate

1 216 039

1 254 673

-3%

4 763 870

4 027 167

18%

Steel products*

3 630 444

4 137 768

-12%

14 824 074

14 437 555

3%

Rolled products (Russian Steel)

1 836 180

2 220 378

-17%

7 833 030

7 663 670

2%

Rolled products (SNA)

1 022 938

1 078 529

-5%

3 808 552

3 581 636

6%

Average price, $/MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coking coal concentrate

166

199

-17%

184

138

34%

Iron ore pellets

133

135

-1%

134

103

30%

Hot-rolled strip and plate (Russian Steel)

700

749

-7%

732

599

22%

Rolled products (SNA)

822

857

-4%

862

754

14%

*- Consolidated sales

 

SALES VOLUME BY SEGMENT

 

Severstal Resources

 

Sales volume, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coal:

2 691 567

2 667 160

1%

10 634 866

11 733 003

-9%

Coking coal concentrate, including

1 876 736

1 981 637

-5%

7 591 670

7 262 414

5%

Vorkutaugol

1 295 302

1 205 909

7%

5 127 440

5 361 814

-4%

PBS Coals

581 434

775 728

-25%

2 464 229

1 900 600

30%

Raw coking coal,  Vorkutaugol

88 193

82 226

7%

289 556

574 752

-50%

Steam coal, including

726 638

603 297

20%

2 753 640

3 895 837

-29%

Vorkutaugol

649 505

463 206

40%

2 028 358

2 572 098

-21%

PBS Coals

77 134

140 091

-45%

725 283

1 323 739

-45%

Iron ore:

3 833 311

4 120 504

-7%

14 815 276

13 824 370

7%

Iron ore pellets

2 617 272

2 865 831

-9%

10 051 406

9 797 203

3%

Iron ore concentrate

1 216 039

1 254 673

-3%

4 763 870

4 027 167

18%

 

 

 

Severstal Russian Steel

 

Sales volume, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Semi-finished products

312 431

341 570

-9%

1 291 844

1 403 226

-8%

Rolled products:

1 836 180

2 220 378

-17%

7 833 030

7 663 670

2%

Hot-rolled strip and plate

1 075 974

1 260 698

-15%

4 615 060

4 569 341

1%

Cold-rolled sheet

345 551

366 928

-6%

1 396 173

1 540 614

-9%

Galvanised and metallic coated sheet

177 116

254 183

-30%

765 083

536 594

43%

Color coated sheet

54 082

73 535

-26%

240 589

243 716

-1%

Long products

183 456

265 033

-31%

816 126

773 405

6%

Downstream products:

458 896

500 954

-8%

1 902 821

1 747 411

9%

Metalware products

178 622

192 278

-7%

765 434

785 858

-3%

Large diameter pipes

92 481

141 579

-35%

501 483

471 185

6%

Other tubes, pipes, formed shapes

187 792

167 097

12%

635 903

490 368

30%

 

 

Severstal North America

 

 

Sales volume, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Rolled products:

1 022 938

1 078 529

-5%

3 808 552

3 581 636

6%

Hot-rolled strip and plate

596 523

668 154

-11%

2 063 660

1 800 636

15%

Cold-rolled sheet

131 302

121 634

8%

519 385

652 727

-20%

Galvanised and metallic coated sheet

295 113

288 742

2%

1 225 507

1 128 273

9%

 

 

CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)

 

Sales volume, MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coal:

1 809 504

1 708 834

6%

7 036 755

7 679 159

-8%

Coking coal concentrate

994 673

1 023 311

-3%

3 993 559

3 208 709

24%

Raw coking coal

88 193

82 226

7%

289 556

574 682

-50%

Steam coal

726 638

603 297

20%

2 753 640

3 895 768

-29%

Iron ore:

1 565 845

1 832 064

-15%

5 625 915

3 561 123

58%

Iron ore pellets

1 565 845

1 731 441

-10%

5 322 831

3 561 123

49%

Iron ore concentrate

0

100 623

-

303 084

0

-

Semi-finished products

312 431

341 827

-9%

1 292 420

1 299 775

-1%

Rolled products:

2 859 117

3 295 581

-13%

11 630 620

11 393 093

2%

Hot-rolled strip and plate

1 672 496

1 928 796

-13%

6 678 539

6 402 876

4%

Cold-rolled sheet

476 854

488 562

-2%

1 915 558

2 252 064

-15%

Galvanised and metallic coated sheet

472 229

542 924

-13%

1 990 590

1 732 664

15%

Color coated sheet

54 082

73 535

-26%

240 589

243 716

-1%

Long products

183 456

261 763

-30%

805 345

761 773

6%

Downstream products:

458 896

500 359

-8%

1 901 034

1 744 687

9%

Metalware products

178 622

191 683

-7%

763 648

783 686

-3%

Large diameter pipes

92 481

141 579

-35%

501 483

471 185

6%

Other tubes, pipes, formed shapes

187 792

167 097

12%

635 903

489 816

30%

 

 

 

AVERAGE SELLING PRICES FOR CONSOLIDATED SALES

 

 

Sales price (EXW), $/MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coal:







Coking coal concentrate

168

190

-11%

171

140

22%

Raw coking coal,  Vorkutaugol

124

146

-15%

139

66

111%

Steam coal

40

43

-7%

45

43

5%

Iron ore:







Iron ore pellets

139

133

4%

133

108

23%

Iron ore concentrate

0

101

-

100

0

-

Semi-finished products

549

612

-10%

592

489

21%

Rolled products:







Hot-rolled strip and plate

713

758

-6%

747

619

21%

Cold-rolled sheet

822

879

-7%

866

705

23%

Galvanised and metallic coated sheet

993

1 048

-5%

1 006

885

14%

Color coated sheet

1 210

1 345

-10%

1 267

1 182

7%

Long products

690

757

-9%

736

617

19%

Downstream products:







Metalware products

1 200

1 301

-8%

1 264

1 062

19%

Large diameter pipes

2 006

1 911

5%

2 007

2 040

-2%

Other tubes and pipes, formed shapes

819

883

-7%

868

710

22%

 

 

 

AVERAGE SELLING PRICES BY SEGMENT

 

Severstal Resources

Sales price (EXW), $/MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Coal:







Coking coal concentrate

166

199

-17%

184

138

34%

    Vorkutaugol

167

210

-20%

193

143

35%

    PBS Coals

162

182

-11%

166

122

36%

Raw coking coal,  Vorkutaugol

124

146

-15%

139

66

111%

Steam coal

40

43

-7%

45

41

9%

   Vorkutaugol

36

37

-1%

37

32

17%

   PBS Coals

70

64

9%

66

59

12%

Iron ore:







Iron ore pellets

133

135

-1%

134

103

30%

Iron ore concentrate

86

97

-12%

95

68

40%

 

 

 

 

 

 

 

 

 

 

 

Severstal Russian Steel

Sales price (EXW), $/MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Semi-finished products

549

612

-10%

592

482

23%

Rolled products:







Hot-rolled strip and plate

700

749

-7%

732

599

22%

Cold-rolled sheet

808

872

-7%

848

670

27%

Galvanised and metallic coated sheet

1 015

1 073

-5%

1 023

852

20%

Color coated sheet

1 210

1 345

-10%

1 267

1 182

7%

Long products

690

757

-9%

736

617

19%

Downstream products:







Metalware products

1 200

1 301

-8%

1 264

1 063

19%

Large diameter pipes

2 006

1 911

5%

2 007

2 040

-2%

Other tubes and pipes, formed shapes

819

883

-7%

868

710

22%

 

 

Severstal North America

Sales price (EXW), $/MT

Q4 2011

Q3 2011

Change, %

2011

2010

Change, %

Rolled products:

822

857

-4%

862

754

14%

 

 

Notes: 1)   Segmental data include intercompany sales; 2) Semi-finished products include pig iron, slabs, billets, ingots, steel casting and forgings; 3) Metalware sales volumes and metalware average selling prices include Severstal Metiz, Cherepovets Steel Mill, Severstallat and Severstal Invest data

 

 

 

***

 

Investor Relations

Vladimir Zaluzhsky

T: +7 (495) 926-77-66 ext. 6375

vladimir.zaluzhsky@severstal.com

 

Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66 ext. 6447

elena.kovaleva@severstal.com

 

 

 

 

 

 

 

 

 

***

 

ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia and the USA, in Ukraine, Latvia, Poland, Italy, Liberia and Brazil. Severstal is listed on MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $13,573 million and EBITDA of $3,263 million in 2010. Severstal's crude steel production in 2010 reached 14.7 million tonnes. www.severstal.com


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