Evraz issues Q1 operation results, crude steel output up 17.9 percent

Thursday, 15 April 2010 12:19:42 (GMT+3)   |  
       

The Russian steelmaker and iron ore producer Evraz Group (Evraz) has announced that in Q1 2010 it produced 3.997 million mt of crude steel, registering an increase of 17.9 percent in year-on-year terms, but a six percent decline in quarter-on-quarter terms.
 
Specifically, in Q1 2010, Evraz's Russian crude steel output increased by 19.7 percent to 2.897 million mt, its Ukrainian crude steel production rose by 3.2 percent to 249,000 mt, its European crude steel production went up by 18.5 percent to 96,000 mt, its North American crude steel output increased by 12.9 percent to 574,000 mt, and its South African crude steel production went up by 30.1 percent to 183,000 mt, all compared to Q1 2009.

In addition, during the first quarter of this year Evraz's steel division produced 616,000 mt of coke - up 48.4 percent, 2.99 million mt of pig iron - up 16 percent, and 3.562 million mt of rolled steel products - up 4.5 percent, all compared to Q1 2009.   

Q1 2010

Q1 2009

Change Q1 2010/Q1 2009

Q4 2009

Change Q1 2010/ Q4 2009

Semi-finished products

941,000

1,251,000

- 24.8%

1,334,000

-29.5%

Construction products

1,197,000

966,000

+23.9%

1,151,000

+4%

Railway products

451,000

417,000

+8%

393,000

+14.8%

Flat rolled products

632,000

428,000

+47.6%

624,000

+1.3%

Tubular products

193,000

266,000

-27.3%

139,000

+38.7%

Other steel products

147,000

80,000

+83.5%

140,000

+5.1%

Total rolled products

3,562,000

3,409,000

+4.5%

3,781,000

-5.8%

Meanwhile, in Q1 2010, Evraz's mining division saw a 50.2 percent increase in iron ore concentrate production (Russia) to 1.421 million mt, an 8.1 percent rise in pellet production (Russia) to 1.323 million mt, a17.3 percent growth in its lump ore output (Ukraine) to 476,000 mt, a 34.1 percent increase in its iron ore fines output (S. Africa) to 166,000 mt, but a 26.6 percent drop in sinter production (Russia) to one million mt, all compared to Q1 2009. Furthermore, Evraz mined 2.21 million mt of coking coal in Q1 2010, registering a drop of 13.6 percent year on year.

In addition, in Q1 this year, Evraz recorded an approximate 164 percent increase year on year in its vanadium-added alloys and chemicals output to 4.4 million mt, but a 69.2 percent year-on-year drop in its vanadium-added slag production to 961,000 mt.


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