EVRAZ plc (LON:EVR) today announced its trading update for the third quarter of 2018.
Q3 2018 vs Q2 2018 HIGHLIGHTS:
· In Q3 2018, EVRAZ’ consolidated crude steel output fell by 10.3% QoQ to 3.1 million tonnes, primarily due to lower pig iron production.
· Sales of finished products descended slightly by 1.2%, which was mostly attributable to lower sales volumes of railway products and flat-rolled products. Sales volumes of semi-finished products edged down by 0.7%, primarily due to lower crude steel production.
· Production of raw coking coal climbed by 9.6% QoQ to 5.9 million tonnes due to increased productivity at the Raspadsky open-pit mine.
· Coking coal product sales dropped by 8.3% QoQ, mainly due to logistical limitations amid maintenance works at railroads in Russia.
· External iron ore product sales fell by 15.9% QoQ, primarily as a result of increasing stockpiles to ensure stable production volumes and steady shipments to customers during the capital repairs of EVRAZ KGOK’s indurating machine no. 1 in September-October.
· Sales of vanadium products declined by 3.9% QoQ, mainly due to large maintenance at EVRAZ Vanady-Tula to reline the roasting kiln refractories as well as replace the grinding mill (during September and October) and regular annual maintenance at EVRAZ Nikom.
|
Product, ‘000 tonnes |
Q3 2018 |
Q2 2018 |
Q3 2018/ Q2 2018, change |
9m 2018 |
9m 2017 |
9m 2018/ 9m 2017, change |
|
Total crude steel production |
3,106 |
3,463 |
-10.3% |
9,920 |
10,487 |
-5.4% |
|
Russia |
2,642 |
2,996 |
-11.8% |
8,368 |
8,525 |
-1.8% |
|
Ukraine |
– |
– |
0.0% |
154 |
661 |
-76.7% |
|
North America* |
464 |
467 |
-0.6% |
1,398 |
1,301 |
7.5% |
|
Total raw coking coal mined |
5,944 |
5,422 |
9.6% |
17,335 |
17,714 |
-2.1% |
|
Total coking coal concentrate |
3,906 |
3,907 |
0.0% |
11,967 |
11,031 |
8.5% |
|
Iron ore products production |
3,293 |
3,424 |
-3.8% |
10,148 |
10,527 |
-3.6% |
|
Total sales of steel products |
3,108 |
3,140 |
–1.0% |
9,317 |
9,609 |
-3.0% |
|
Semi-finished products |
1,194 |
1,202 |
-0.7% |
3,700 |
4,062 |
-8.9% |
|
Finished products |
1,914 |
1,938 |
–1.2% |
5,617 |
5,547 |
1.3% |
|
Total sales of third-party steel |
255 |
247 |
3.2% |
672 |
612 |
9.8% |
|
Sales of coking coal products |
2,645 |
2,885 |
-8.3% |
8,244 |
7,389 |
11.6% |
|
Sales of iron ore products |
427 |
508 |
-15.9% |
1,520 |
2,301 |
-33.9% |
|
Sales of vanadium final products** |
3,238 |
3,370 |
-3.9% |
9,740 |
11,458 |
-15.0% |
Note. Numbers in this table and the tables below may not add up to totals due to rounding.
* The Q3 2018 production and sales volumes of EVRAZ North America are preliminary.
** in tonnes of pure vanadium; the Q1 and Q2 2018 data have been updated due to an adjustment in classification (the updated figure for Q1 2018 is 3,131)
