|
Q4 2019 vs Q3 2019 HIGHLIGHTS
In Q4 2019, EVRAZ’ consolidated crude steel output rose by 2.1% QoQ,
mainly due to higher production volumes at EVRAZ ZSMK after the
scheduled capital repairs during July-August ended.
Steel product sales climbed by 6.6% QoQ, driven primarily
by semi-finished products, which grew by 17.7%. This, in turn, was
mainly a result of higher steel production at EVRAZ ZSMK and seasonally
weaker market demand for finished construction products in Russia.
In addition, sales of railway products in Russia grew by 17.8% following
completion of capital repairs at EVRAZ ZSMK’s rail and beam shop in Q3
2019.
Total raw coking coal production decreased by 5.3% QoQ due to lower
production volumes amid a scheduled longwall move at the Raspadskaya
mine in Q4 2019. Coking coal concentrate production dropped by 16.7% QoQ
due to softer market demand.
External sales volumes of coking coal products fell by 14.9% QoQ due
to lower market demand.
External sales of iron ore products surged by 68.5% QoQ following the
completion of capital repairs of EVRAZ KGOK’s roasting machines that
took place during August and September.
Sales of vanadium final products were down by 2.0% QoQ due to lower FeV
demand mainly from North American steel producers amid reduced
utilisation rates.
FY2019 vs FY2018 HIGHLIGHTS
In 2019, EVRAZ’ consolidated crude steel production climbed by 6.1% YoY,
mainly due to higher production volumes of pig iron at EVRAZ ZSMK as the
blast furnace no.3 underwent a lengthier and more complex process
of capital repair in 2018 (category II) vs the blast furnace no.1
in 2019 (category III).
Sales volumes of semi-finished products jumped by 22.8% YoY, primarily
due to higher semi-finished product sales from Russia to the export
markets amid greater production volumes and a sharp increase of slab
sales in North America amid greater demand from customers.
Production of raw coking coal grew by 8.1% YoY due to higher production
volumes at the Osinnikovskaya, Erunakovskaya and Uskovskaya mines,
driven by improvements in capital repairs and equipment maintenance.
External iron ore product sales fell by 42.5% YoY, primarily as a result
of higher consumption of pellets in 2019 by EVRAZ NTMK after the launch
of blast furnace no. 7 in Q2 2018 and by EVRAZ ZSMK amid higher pig iron
production.
|
Product, kt |
Q4 2019 |
Q3 2019 |
Q4 2019/ Q3 2019, change |
12m 2019 |
12m 2018 |
12m 2019/ 12m 2018, change |
|
Total crude steel production1 |
3,449 |
3,379 |
2.10% |
13,814 |
13,019 |
6.10% |
|
Russia |
3,008 |
2,953 |
1.90% |
11,953 |
10,967 |
9.00% |
|
Ukraine |
0 |
0 |
n/a |
0 |
154 |
n/a |
|
North America |
441 |
426 |
3.50% |
1,861 |
1,898 |
-1.90% |
|
Total raw coking coal mined |
5,981 |
6,319 |
-5.30% |
26,140 |
24,188 |
8.10% |
|
Total coking coal concentrate production |
3,537 |
4,244 |
-16.70% |
15,923 |
16,188 |
-1.60% |
|
Iron ore products production |
3,277 |
3,319 |
-1.30% |
13,765 |
13,515 |
1.80% |
|
Total sales of steel products1 |
3,609 |
3,386 |
6.60% |
13,502 |
12,235 |
10.40% |
|
Semi-finished products |
1,699 |
1,443 |
17.70% |
5,844 |
4,760 |
22.80% |
|
Finished products |
1,910 |
1,943 |
-1.70% |
7,658 |
7,475 |
2.40% |
|
Total sales of third-party steel products |
200 |
225 |
-11.10% |
801 |
900 |
-11.00% |
|
Sales of coking coal products |
2,514 |
2,953 |
-14.90% |
11,053 |
11,048 |
0.00% |
|
Sales of iron ore products |
273 |
162 |
68.50% |
1,134 |
1,972 |
-42.50% |
|
Sales of vanadium in slag2 |
1,923 |
1,693 |
13.60% |
6,451 |
6,701 |
-3.70% |
|
Sales of vanadium final products3 |
3,514 |
3,585 |
-2.00% |
12,883 |
12,352 |
4.30% |
Note. Numbers in this table and the tables below may not add
up to totals due to rounding.
1 The Q4 2019 production and sales volumes of EVRAZ North America are
preliminary.
2 The 12m 2018 data have been adjusted.
3 In tonnes of pure vanadium
Source from the
official website
of Evraz |
