EVRAZ PLC 29 July 2021 - EVRAZ plc (LSE: EVR; 'EVRAZ' or the 'Group') today released its trading update for the second quarter of 2021.
Q2 2021 vs Q1 2021 HIGHLIGHTS
- In Q2 2021, EVRAZ' consolidated crude steel output remained almost flat QoQ.
- Total sales of steel products climbed by 6.1% QoQ, driven primarily by higher sales of finished products in Russia amid favourable market conditions and an increase in slab sales following the completion of repairs of basic oxygen furnaces at EVRAZ NTMK in Q1 2021.
- Total raw coking coal production dropped by 21.5% QoQ. The reduction was caused primarily by scheduled longwall movements at the Raspadskaya and Alardinskaya mines, as well as completion on the current longwall at the Osinnikovskaya mine ahead of the upcoming movement in Q3 2021.
- External sales volumes of coking coal concentrate fell by 8.3% QoQ because of logistical restrictions on shipments to the Russian Far East amid rising exports and the start of the repair season at Russian Railways.
- External sales of iron ore products increased by 8.4% QoQ, driven by higher production in Q2 2021.
- Sales of vanadium products fell by 3.6% QoQ, mainly due to changing the regional sales and product mix to support the increased FeV demand, resulting in longer lead times.
| Product, '000 tonnes | Q2 2021 | Q1 2021 | Q2 2021/ Q1 2021, change | H1 2021 | H1 2020 | H1 2021/ H1 2020, change |
| Total crude steel production | 3,368 | 3,414 | -1.3% | 6,782 | 6,936 | -2.2% |
| Russia | 2,953 | 2,921 | 1.1% | 5 874 | 6,113 | -3.9% |
| North America | 415 | 493 | -15.8% | 908 | 823 | 10.3% |
| Total raw coking coal mined | 5,098 | 6,492 | -21.5% | 11,590 | 9,857 | 17.6% |
| Total coking coal concentrate production | 3,814 | 4,236 | -10.0% | 8,050 | 7,567 | 6.4% |
| Iron ore products production | 3,750 | 3,394 | 10.5% | 7,144 | 7,055 | 1.3% |
| Total sales of steel products1 | 3,244 | 3,057 | 6.1% | 6,301 | 6,606 | -4.6% |
| Semi-finished products | 1,439 | 1,406 | 2.3% | 2,845 | 3,167 | -10.2% |
| Finished products | 1,805 | 1,651 | 9.3% | 3,456 | 3,439 | 0.5% |
| Total sales of third-party steel products | 217 | 134 | 61.9% | 351 | 372 | -5.6% |
| Sales of coking coal products | 2,761 | 2,824 | -2.2% | 5,585 | 6,079 | -8.1% |
| Sales of iron ore products | 337 | 311 | 8.4% | 648 | 801 | -19.1% |
| Sales of vanadium in slag | 1,624 | 1,135 | 43.1% | 2,759 | 2,760 | 0.0% |
| Sales of vanadium final products2 | 3,247 | 3,368 | -3.6% | 6,615 | 5,610 | 17.9% |
Note. Numbers in this table and the tables below may not add up to totals due to rounding.
1 Includes tonnes of pig iron
2 In tonnes of pure vanadium
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Evraz plc published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:16:13 UTC.
