EVRAZ Q4 2011 and FY 2011 Operational Results
FY 2011 HIGHLIGHTS:
FY 2011 HIGHLIGHTS:
· Crude steel production grew by 3% compared to FY2010 mainly due to an increase in volumes in the Czech Republic, resulting from the resolution of a pricing dispute with a supplier of hot metal while other major steelmaking assets continued to operate at full capacity
· Steel product mix shifted further in favour of finished goods
· Coking coal production decreased by 16% due to several longwall repositionings and temporary stoppages of some mines for additional implementation of safety equipment and procedures
· Prices for steel products and coking coal improved compared to the previous year.
Q4 2011 HIGHLIGHTS:
· Crude steel volumes increased by 3% quarter-on-quarter due to completion of scheduled maintenance in Q3 on the back of full utilisation of major steelmaking assets
· Share of semi-finished steel increased compared to Q3 due to seasonally lower demand for finished steel in Russia
· Coking coal production gained momentum in Q4 2011 after most of the issues negatively affecting performance of the first three quarters of 2011 were resolved
· Prices for steel products and coking coal contracted compared to Q3 reflecting negative seasonality and market volatility.
No comments:
Post a Comment