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Severstal - ao — Earnings Release 2013
Apr 22, 2013
6426_rns_2013-04-22_70171398-6b4c-4978-9005-49c177dcd4fa.html
Earnings Release
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RNS Number : 8628C
OAO Severstal
22 April 2013
Severstal reports Q1 2013 operational results
Moscow, Russia - April 22, 2013 - OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q1 2013.
SUMMARY OF KEY PRODUCTION, SALES VOLUMES AND SELLING PRICES DATA
| Production, tonnes | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
| Crude steel (Total output): | 3 835 016 | 3 584 214 | 7 % | 3 835 016 | 3 989 725 | (4) % |
| Russian Steel | 2 658 148 | 2 542 885 | 5 % | 2 658 148 | 2 714 900 | (2) % |
| Severstal North America (SNA) | 1 176 868 | 1 041 328 | 13 % | 1 176 868 | 1 274 825 | (8) % |
| Hot metal (total output): | 2 631 297 | 2 472 135 | 6 % | 2 631 297 | 2 716 289 | (3) % |
| Russian Steel | 2 142 408 | 2 073 000 | 3 % | 2 142 408 | 2 226 800 | (4) % |
| North America | 488 889 | 399 135 | 22 % | 488 889 | 489 489 | (0) % |
| Sales volumes, tonnes | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
| Coking coal concentrate | 1 826 920 | 1 973 849 | (7) % | 1 826 920 | 1 795 760 | 2 % |
| Iron ore pellets | 2 460 285 | 2 626 264 | (6) % | 2 460 285 | 2 549 152 | (3) % |
| Iron ore concentrate | 1 053 035 | 1 141 571 | (8) % | 1 053 035 | 1 101 071 | (4) % |
| Total steel products (Consolidated) | 3 684 465 | 3 270 721 | 13 % | 3 684 465 | 3 756 401 | (2) % |
| Total steel products (Russian Steel) | 2 639 950 | 2 349 660 | 12 % | 2 639 950 | 2 625 513 | 1 % |
| Total steel products (SNA) | 1 112 716 | 967 460 | 15 % | 1 112 716 | 1 220 631 | (9) % |
| Average price, $/tonne | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
| Coking coal concentrate | 117 | 122 | (4) % | 117 | 161 | (28) % |
| Iron ore pellets | 110 | 90 | 22 % | 110 | 118 | (6) % |
| Hot-rolled coil and plate (Russian Steel) | 566 | 582 | (3) % | 566 | 654 | (13) % |
| Rolled products (SNA) | 808 | 813 | (1) % | 808 | 869 | (7) % |
SALES VOLUMES
| Sales volumes, tonnes | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
Severstal Resources
Coal:
2 618 400
2 843 842
(8) %
2 618 400
2 526 345
4 %
Coking coal concentrate, including:
1 826 920
1 973 849
(7) %
1 826 920
1 795 760
2 %
Vorkutaugol
1 335 369
1 467 024
(9) %
1 335 369
1 209 918
10 %
PBS Coals
491 552
506 826
(3) %
491 552
585 842
(16) %
Raw coking coal, Vorkutaugol
145 677
146 469
(1) %
145 677
179 312
(19) %
Steam coal, including:
645 803
723 524
(11) %
645 803
551 274
17 %
Vorkutaugol
617 766
636 041
(3) %
617 766
541 500
14 %
PBS Coals
28 037
87 484
(68) %
28 037
9 774
187 %
Iron ore:
3 513 320
3 767 835
(7) %
3 513 320
3 650 223
(4) %
Iron ore pellets
2 460 285
2 626 264
(6) %
2 460 285
2 549 152
(3) %
Iron ore concentrate
1 053 035
1 141 571
(8) %
1 053 035
1 101 071
(4) %
| Sales volumes, tonnes | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
| Severstal Russian Steel | ||||||
| Total steel products | 2 639 950 | 2 349 660 | 12 % | 2 639 950 | 2 625 513 | 1 % |
| Semi-finished products | 183 554 | 120 024 | 53 % | 183 554 | 364 755 | (50) % |
| Rolled products: | 2 008 469 | 1 800 559 | 12 % | 2 008 469 | 1 865 411 | 8 % |
| Hot-rolled coil | 1 137 838 | 933 474 | 22 % | 1 137 838 | 1 091 127 | 4 % |
| Hot-rolled plate | 114 891 | 93 332 | 23 % | 114 891 | 141 403 | (19) % |
| Cold-rolled coil | 335 269 | 314 751 | 7 % | 335 269 | 291 865 | 15 % |
| Galvanised and metallic coated coil | 131 112 | 149 791 | (12) % | 131 112 | 138 718 | (5) % |
| Color coated coil | 97 855 | 83 901 | 17 % | 97 855 | 69 309 | 41 % |
| Long products | 191 503 | 225 309 | (15) % | 191 503 | 132 989 | 44 % |
| Downstream products: | 447 927 | 429 076 | 4 % | 447 927 | 395 347 | 13 % |
| Metalware products | 202 923 | 187 563 | 8 % | 202 923 | 179 356 | 13 % |
| Large diameter pipes | 82 577 | 77 406 | 7 % | 82 577 | 77 428 | 7 % |
| Other tubes, pipes, formed shapes | 162 427 | 164 107 | (1) % | 162 427 | 138 563 | 17 % |
| Severstal North America | ||||||
| Rolled products: | 1 112 612 | 967 265 | 15 % | 1 112 612 | 1 220 549 | (9) % |
| Hot-rolled coil and plate | 599 031 | 522 195 | 15 % | 599 031 | 695 700 | (14) % |
| Cold-rolled coil | 141 325 | 126 584 | 12 % | 141 325 | 147 386 | (4) % |
| Galvanised and metallic coated coil | 372 256 | 318 485 | 17 % | 372 256 | 377 463 | (1) % |
| Consolidated Sales (Net of Intercompany Sales) | ||||||
| Coal: | 1 830 637 | 1 914 048 | (4) % | 1 830 637 | 1 707 171 | 7 % |
| Coking coal concentrate | 1 039 157 | 1 044 122 | (0) % | 1 039 157 | 976 585 | 6 % |
| Raw coking coal | 145 677 | 146 469 | (1) % | 145 677 | 179 312 | (19) % |
| Steam coal | 645 803 | 723 457 | (11) % | 645 803 | 551 274 | 17 % |
| Iron ore: | 1 412 719 | 1 613 103 | (12) % | 1 412 719 | 1 201 113 | 18 % |
| Iron ore pellets | 1 412 719 | 1 613 103 | (12) % | 1 412 719 | 1 201 113 | 18 % |
| Semi-finished products | 123 542 | 79 355 | 56 % | 123 542 | 325 492 | (62) % |
| Rolled products: | 3 113 952 | 2 763 855 | 13 % | 3 113 952 | 3 036 203 | 3 % |
| Hot-rolled coil | 1 733 670 | 1 455 627 | 19 % | 1 733 670 | 1 739 575 | (0) % |
| Hot-rolled plate | 114 891 | 93 332 | 23 % | 114 891 | 141 403 | (19) % |
| Cold-rolled coil | 476 593 | 441 335 | 8 % | 476 593 | 439 251 | 9 % |
| Galvanised and metallic coated coil | 503 368 | 468 277 | 7 % | 503 368 | 516 181 | (2) % |
| Color coated coil | 97 855 | 83 901 | 17 % | 97 855 | 69 309 | 41 % |
| Long products | 187 575 | 221 383 | (15) % | 187 575 | 130 483 | 44 % |
| Downstream products: | 446 970 | 427 511 | 5 % | 446 970 | 394 706 | 13 % |
| Metalware products | 202 608 | 187 273 | 8 % | 202 608 | 178 715 | 13 % |
| Large diameter pipes | 81 936 | 76 169 | 8 % | 81 936 | 77 428 | 6 % |
| Other tubes, pipes, formed shapes | 162 427 | 164 069 | (1) % | 162 427 | 138 563 | 17 % |
AVERAGE SELLING PRICES
| Sales price, $/tonne | Q1 2013 | Q4 2012 | Change, % | Q1 2013 | Q1 2012 | Change, % |
| Severstal Resources | ||||||
| Coking coal concentrate, Vorkutaugol | 117 | 118 | (1) % | 117 | 166 | (29) % |
| Coking coal concentrate, PBS Coals | 116 | 134 | (14) % | 116 | 152 | (24) % |
| Raw coking coal, Vorkutaugol | 52 | 57 | (9) % | 52 | 75 | (31) % |
| Steam coal, Vorkutaugol | 40 | 40 | (0) % | 40 | 37 | 6 % |
| Steam coal, PBS Coals | 58 | 58 | (1) % | 58 | 70 | (18) % |
| Iron ore pellets | 110 | 90 | 22 % | 110 | 118 | (6) % |
| Iron ore concentrate | 80 | 63 | 27 % | 80 | 88 | (8) % |
| Severstal Russian Steel | ||||||
| Semi-finished products | 429 | 405 | 6 % | 429 | 495 | (13) % |
| Hot-rolled coil and plate | 566 | 582 | (3) % | 566 | 654 | (13) % |
| Cold-rolled coil | 630 | 668 | (6) % | 630 | 757 | (17) % |
| Galvanised and metallic coated coil | 860 | 893 | (4) % | 860 | 959 | (10) % |
| Color coated coil | 1 047 | 1 071 | (2) % | 1 047 | 1 188 | (12) % |
| Long products | 619 | 660 | (6) % | 619 | 690 | (10) % |
| Metalware products | 1 121 | 1 203 | (7) % | 1 121 | 1 222 | (8) % |
| Large diameter pipes | 1 600 | 1 834 | (13) % | 1 600 | 1 990 | (20) % |
| Other tubes, pipes, formed shapes | 719 | 742 | (3) % | 719 | 795 | (10) % |
| Severstal North America | ||||||
| Rolled products | 808 | 813 | (1) % | 808 | 869 | (7) % |
Notes: 1) All production data is reported in metric tonnes; 2) Segmental data includes intercompany sales; 3) Semi-finished products include pig iron, slabs, billets, ingots, steel casting and forgings; 4) Metalware sales volumes and metalware average selling prices include Severstal Metiz, Cherepovets Steel Mill, Severstallat and Severstal Invest data 5) Large diameter pipes include all pipes with a diameter in the range between 820 and 1420 mm.
For further information, please contact:
Investor Relations
Vladimir Zaluzhsky
T: +7 (495) 926-77-66 ext. 6375
Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66 ext. 6447
***
ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on MICEX-RTS and the company's GDRs are traded on the LSE. Severstal reported revenue of $14,104 million and EBITDA of $2,119 million in 2012. Severstal's crude steel production in 2012 reached 15.1 million tonnes. www.severstal.com
This information is provided by RNS
The company news service from the London Stock Exchange
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