28th Oct 2008 10:15
Severstal Releases 9m 2008 Operational Results
October 28, 2008 - Severstal (LSE: SVST) today released its 9m 2008 operational results as follows.
PRODUCTION VOLUMES
9m 2008 overview
Production of crude steel in Q3 2008 was 6.0 million tonnes, 14% higher than in the previous quarter. Production of rolled products rose 6% to 4.3 million tonnes q-o-q. Total production of iron ore pellets in Q3 2008 was 5% higher than in Q2 2008, iron ore concentrate production was up by 1% and coal production increased by 15%.
Consolidated production of hot metal and crude steel
|
Total throughput, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Hot metal: total throughput |
9,636,606 |
11,305,767 |
17% |
3,709,728 |
4,323,240 |
17% |
|
Crude steel: total throughput |
13,046,415 |
16,074,591 |
23% |
5,270,978 |
6,008,750 |
14% |
Consolidated production (net of intercompany sales)
|
Production for sale, metric tonnes unless otherwise stated |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Coal: |
3,336,708 |
2,592,452 |
-22% |
781,193 |
1,055,278 |
35% |
|
Coking coal concentrate |
1,802,670 |
1,022,038 |
-43% |
377,524 |
355,177 |
-6% |
|
Coking coal |
107,245 |
148,066 |
38% |
17,160 |
86,290 |
403% |
|
Steam coal |
1,426,792 |
1,422,348 |
0% |
386,509 |
613,810 |
59% |
|
Iron ore: |
3,060,984 |
3,709,710 |
21% |
1,037,283 |
1,138,118 |
10% |
|
Iron ore pellets |
3,006,579 |
3,273,132 |
9% |
911,543 |
1,050,650 |
15% |
|
Iron ore concentrate |
54,405 |
436,578 |
702% |
125,740 |
87,468 |
-30% |
|
Gold (kilogrammes) |
0 |
3,436 |
n.a. |
1,135 |
1,401 |
23% |
|
Semifinished products |
1,310,342 |
1,785,426 |
36% |
534,271 |
729,613 |
37% |
|
Rolled products: |
10,016,346 |
11,843,060 |
18% |
4,021,764 |
4,273,831 |
6% |
|
Hot-rolled strip and plate |
4,501,320 |
5,341,973 |
19% |
1,749,321 |
2,021,130 |
16% |
|
Cold-rolled sheet |
1,406,694 |
1,883,103 |
34% |
632,050 |
732,386 |
16% |
|
Galvanised and other metallic coated sheet |
1,122,339 |
1,552,764 |
38% |
546,209 |
612,278 |
12% |
|
Color coated sheet |
182,795 |
189,185 |
3% |
65,163 |
65,555 |
1% |
|
Long products |
2,577,705 |
2,657,896 |
3% |
953,707 |
787,556 |
-17% |
|
Rails |
225,493 |
218,140 |
-3% |
75,314 |
54,927 |
-27% |
|
Downstream products: |
1,439,983 |
1,505,594 |
5% |
516,759 |
519,017 |
0% |
|
Metalware products |
865,265 |
807,977 |
-7% |
286,103 |
252,128 |
-12% |
|
Large diameter pipes |
185,883 |
321,121 |
73% |
108,648 |
134,424 |
24% |
|
Other tubes and pipes, formed shapes |
351,639 |
376,496 |
7% |
122,007 |
132,466 |
9% |
|
Wheels, axles, tires |
37,197 |
0 |
n.a. |
0 |
0 |
n.a. |
Segmental information
Mining
|
Production for sale, metric tones unless otherwise stated |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Coal: |
7,110,273 |
5,548,447 |
-22% |
1,736,445 |
1,997,203 |
15% |
|
Coking coal concentrate |
4,298,069 |
3,484,066 |
-19% |
1,191,913 |
1,106,384 |
-7% |
|
Coking coal |
1,385,412 |
642,033 |
-54% |
158,023 |
277,009 |
75% |
|
Steam coal |
1,426,792 |
1,422,348 |
0% |
386,509 |
613,810 |
59% |
|
Iron ore: |
10,841,130 |
11,492,813 |
6% |
3,795,600 |
3,919,119 |
3% |
|
Iron ore pellets |
7,366,435 |
7,790,748 |
6% |
2,523,501 |
2,640,085 |
5% |
|
Iron ore concentrate |
3,474,695 |
3,702,065 |
7% |
1,272,099 |
1,279,034 |
1% |
|
Gold (kilogrammes) |
0 |
3,436 |
n.a. |
1,135 |
1,401 |
23% |
* In April 2008, we sold Kuzbassugol to Arcelor Mittal.
Russian Steel
|
Total throughput, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Hot metal: total throughput |
6,507,309 |
6,835,660 |
5% |
2,229,796 |
2,294,702 |
3% |
|
Crude steel: total throughput |
8,838,359 |
9,438,945 |
7% |
3,075,096 |
3,177,342 |
3% |
|
Production for sale, metric tonnes |
||||||
|
Semifinished products |
630,529 |
702,584 |
11% |
206,432 |
256,731 |
24% |
|
Rolled products: |
7,033,365 |
7,314,000 |
4% |
2,517,596 |
2,402,581 |
-5% |
|
Hot-rolled strip and plate |
3,719,046 |
3,929,406 |
6% |
1,384,702 |
1,272,539 |
-8% |
|
Cold-rolled sheet |
1,065,399 |
1,110,909 |
4% |
367,920 |
375,189 |
2% |
|
Galvanised and other metallic coated sheet |
555,319 |
561,786 |
1% |
187,913 |
192,695 |
3% |
|
Color coated sheet |
182,795 |
179,067 |
-2% |
60,201 |
60,398 |
0% |
|
Long products |
1,510,806 |
1,532,832 |
1% |
516,859 |
501,759 |
-3% |
|
Downstream products: |
381,886 |
410,698 |
8% |
132,289 |
144,485 |
9% |
|
Metalware products |
30,247 |
34,203 |
13% |
10,282 |
12,019 |
17% |
|
Other tubes and pipes, formed shapes |
351,639 |
376,496 |
7% |
122,007 |
132,466 |
9% |
North America**
|
Total throughput, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Hot metal: total throughput |
1,226,790 |
2,621,005 |
114% |
859,618 |
1,429,900 |
66% |
|
Crude steel: total throughput |
1,494,491 |
4,097,780 |
174% |
1,318,084 |
2,068,252 |
57% |
|
Production for sale, metric tonnes |
||||||
|
Semifinished products |
0 |
292,188 |
n.a. |
99,519 |
192,669 |
94% |
|
Rolled products: |
1,863,074 |
3,509,863 |
88% |
1,121,704 |
1,641,175 |
46% |
|
Hot-rolled strip and plate |
954,760 |
1,736,573 |
82% |
494,316 |
859,239 |
74% |
|
Cold-rolled sheet |
341,295 |
772,194 |
126% |
264,130 |
357,197 |
35% |
|
Galvanised and other metallic coated sheet |
567,020 |
990,978 |
75% |
358,297 |
419,583 |
17% |
|
Color coated sheet |
0 |
10,118 |
n.a. |
4,962 |
5,156 |
4% |
|
Downstream products: |
0 |
32,139 |
n.a. |
0 |
32,139 |
n.a. |
|
Metalware products |
0 |
32,139 |
n.a. |
0 |
32,139 |
n.a. |
** Dearborn, Columbus (consolidated beginning Q1 2008), Sparrows Point (consolidated beginning Q2 2008), Warren (consolidated beginning Q3 2008), Wheeling (consolidated beginning Q3 2008)
Lucchini
|
Total throughput, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Hot metal and pig iron: total throughput |
1,902,507 |
1,849,102 |
-3% |
620,314 |
598,638 |
-3% |
|
Crude steel: total throughput |
2,713,564 |
2,537,866 |
-6% |
877,798 |
763,156 |
-13% |
|
Production for sale, metric tonnes |
||||||
|
Semifinished products |
910,875 |
805,401 |
-12% |
243,066 |
280,213 |
15% |
|
Rolled products: |
1,753,472 |
1,773,497 |
1% |
657,890 |
480,852 |
-27% |
|
Long products |
1,527,979 |
1,555,357 |
2% |
582,576 |
425,925 |
-27% |
|
Rails |
225,493 |
218,140 |
-3% |
75,314 |
54,927 |
-27% |
|
Downstream products: |
68,474 |
27,578 |
-60% |
10,659 |
10,266 |
-4% |
|
Metalware products |
31,277 |
27,578 |
-12% |
10,659 |
10,266 |
-4% |
|
Wheels, axles, tires |
37,197 |
0 |
n.a. |
0 |
0 |
n.a. |
Metalware
|
Production for sale, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Downstream products: |
||||||
|
Metalware products |
803,740 |
714,058 |
-11% |
265,162 |
197,704 |
-25% |
Izhora pipe mill
|
Production for sale, metric tonnes |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Downstream products: |
||||||
|
Large diameter pipes |
185,883 |
321,121 |
73% |
108,648 |
134,424 |
24% |
AVERAGE SELLING PRICES
Consolidated sales
|
Sales prices (EXW), USD/tonne unless otherwise stated |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Coal: |
56 |
110 |
96% |
118 |
122 |
3% |
|
Coking coal concentrate |
82 |
149 |
82% |
155 |
169 |
9% |
|
Coking coal |
30 |
54 |
80% |
49 |
69 |
41% |
|
Steam coal |
25 |
34 |
36% |
34 |
35 |
3% |
|
Iron ore: |
68 |
97 |
43% |
101 |
98 |
-3% |
|
Iron ore pellets |
74 |
106 |
43% |
112 |
108 |
-4% |
|
Iron ore concentrate |
57 |
78 |
37% |
79 |
78 |
-1% |
|
Gold (USD/kilogramme) |
0 |
29,531 |
n.a. |
28,412 |
30,107 |
6% |
|
Semifinished products |
||||||
|
Rolled products: |
726 |
990 |
36% |
984 |
1,183 |
20% |
|
Hot-rolled strip and plate |
607 |
897 |
48% |
868 |
1,119 |
29% |
|
Cold-rolled sheet |
676 |
911 |
35% |
864 |
1,114 |
29% |
|
Galvanised and other metallic coated sheet |
889 |
1,048 |
18% |
1,021 |
1,191 |
17% |
|
Color coated sheet |
1,233 |
1,430 |
16% |
1,502 |
1,615 |
8% |
|
Long products |
821 |
1,122 |
37% |
1,180 |
1,321 |
12% |
|
Rails |
721 |
956 |
33% |
990 |
989 |
0% |
|
Downstream products: |
1,041 |
1,521 |
46% |
1,520 |
1,874 |
23% |
|
Metalware products |
965 |
1,342 |
39% |
1,342 |
1,662 |
24% |
|
Large diameter pipes |
1,674 |
2,579 |
54% |
2,543 |
2,951 |
16% |
|
Other tubes and pipes, formed shapes |
787 |
1,050 |
33% |
1,061 |
1,271 |
20% |
|
Wheels, axles, tires |
2,683 |
0 |
-100% |
0 |
0 |
n.a. |
Mining
|
Sales prices (EXW), USD/tonne unless otherwise stated |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Coal: |
56 |
110 |
96% |
118 |
122 |
3% |
|
Coking coal concentrate |
82 |
149 |
82% |
155 |
169 |
9% |
|
Coking coal |
30 |
54 |
80% |
49 |
69 |
41% |
|
Steam coal |
25 |
34 |
36% |
34 |
35 |
3% |
|
Iron ore: |
68 |
97 |
43% |
101 |
98 |
-3% |
|
Iron ore pellets |
74 |
106 |
43% |
112 |
108 |
-4% |
|
Iron ore concentrate |
57 |
78 |
37% |
79 |
78 |
-1% |
|
Gold (USD/kilogramme) |
0 |
29,531 |
n.a. |
28,412 |
30,107 |
6% |
Russian Steel
|
Sales prices (EXW), USD/tonne |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Semifinished products |
411 |
722 |
76% |
731 |
914 |
25% |
|
Rolled products: |
666 |
933 |
40% |
942 |
1,178 |
25% |
|
Hot-rolled strip and plate |
616 |
916 |
49% |
909 |
1,178 |
30% |
|
Cold-rolled sheet |
661 |
876 |
33% |
877 |
1,092 |
25% |
|
Galvanised and other metallic coated sheet |
908 |
1,097 |
21% |
1,094 |
1,327 |
21% |
|
Color coated sheet |
1,233 |
1,415 |
15% |
1,496 |
1,596 |
7% |
|
Long products |
614 |
905 |
47% |
966 |
1,146 |
19% |
|
Downstream products: |
789 |
1,047 |
33% |
1,052 |
1,262 |
20% |
|
Metalware products |
816 |
1,017 |
25% |
966 |
1,186 |
23% |
|
Other tubes and pipes, formed shapes |
787 |
1,050 |
33% |
1,061 |
1,271 |
20% |
North America**
|
Sales prices (EXW), USD/tonne |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Semifinished products |
0 |
961 |
n.a. |
954 |
965 |
1% |
|
Rolled products: |
704 |
953 |
35% |
869 |
1,112 |
28% |
|
Hot-rolled strip and plate |
604 |
905 |
50% |
790 |
1,087 |
38% |
|
Cold-rolled sheet |
724 |
961 |
33% |
843 |
1,135 |
35% |
|
Galvanised and other metallic coated sheet |
869 |
1,021 |
17% |
979 |
1,134 |
16% |
|
Color coated sheet |
0 |
1,722 |
n.a. |
1,574 |
1,860 |
18% |
|
Downstream products: |
0 |
1,788 |
n.a. |
0 |
1,788 |
n.a. |
|
Metalware products |
0 |
1,788 |
n.a. |
0 |
1,788 |
n.a. |
** Dearborn, Columbus (consolidated beginning Q1 2008), Sparrows Point (consolidated beginning Q2 2008), Warren (consolidated beginning Q3 2008), Wheeling (consolidated beginning Q3 2008)
Lucchini
|
Sales prices (EXW), USD/tonne |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Semifinished products |
546 |
714 |
31% |
728 |
848 |
16% |
|
Rolled products: |
989 |
1,296 |
31% |
1,330 |
1,475 |
11% |
|
Long products |
1,030 |
1,340 |
30% |
1,375 |
1,535 |
12% |
|
Rails |
721 |
956 |
33% |
990 |
989 |
0% |
|
Downstream products: |
2,679 |
1,242 |
-54% |
1,207 |
1,363 |
13% |
|
Metalware products |
2,675 |
1,242 |
-54% |
1,207 |
1,363 |
13% |
|
Wheels, axles, tires |
2,683 |
0 |
n.a. |
0 |
0 |
n.a. |
Metalware
|
Sales prices (EXW), USD/tonne |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Downstream products: |
||||||
|
Metalware products |
904 |
1,344 |
49% |
1,365 |
1,695 |
24% |
Izhora pipe mill
|
Sales prices (EXW), USD/tonne |
9M 2007 |
9M 2008 |
9M 2008/ 9M 2007 |
Q2 2008 |
Q3 2008 |
Q3 2008/ Q2 2008 |
|
Downstream products: |
||||||
|
Large diameter pipes |
1,674 |
2,579 |
54% |
2,543 |
2,951 |
16% |
Note:
Semifinished products include hot metal, pig iron, slabs, billets, ingots, steel casting and forgings.
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