EVRAZ plc released its trading update for the third quarter of 2021.

[Ferro-Alloys.wiki] EVRAZ plc released its trading update for the third quarter of 2021.

Q3 2021 vs Q2 2021 HIGHLIGHTS

  • In Q3 2021, EVRAZ’ consolidated crude steel output edged up by 1.0% QoQ, mainly due to larger production volumes at EVRAZ North America. Production at the Group’s Russian operations decreased slightly QoQ amid scheduled capital repairs.
  • Total sales of steel products decreased by 8.2% QoQ, primarily due to slowdown of Russian construction products market acwikipanied by lower sales of railway and semi-finished products because of logistics restrictions on the route and detentions in ports amid inclement weather. This was partly offset by better performance QoQ of EVRAZ North America.
  • Total raw coking coal production fell by 2.3% QoQ following scheduled longwall movements at the Osinnikovskaya, Yerunakovskaya-8, Uskovskaya and Raspadskaya mines. In addition, the Raspadskaya-Koksovaya mine had to temporarily slow its operations because of difficult geological conditions. Output from the remaining assets increased during the quarter.
  • Total coking coal concentrate production, including both the Steel and Coal segments, decreased by 1.8% QoQ, mainly because of reduction of coke production at EVRAZ ZSMK. The Coal segment’s standalone coal concentrate production remained at the level of Q2 2021.
  • External sales of iron ore products decreased by 10.1% QoQ, driven by the partial shift of sales to Q4 2021 amid temporary logistics restrictions westwards due to vessel delays.
  • External sales of vanadium products fell by 11.8% QoQ, mainly because of reduced global demand from the automotive sector amid the semiconductor shortage and slowdowns in the Russian oil, gas and rail sectors. In addition, some global steel mills scheduled major maintenance during the summer months.

Product, ‘000 tonnes

Q3 2021

Q2 2021

Q3 2021/
Q2 2021,
change

9m 2021

9m 2010

9m 2021/
9m 2010,
change

Total crude steel production

3,403

3,368

1.0%

10,185

10,163

0.2%

Russia

2,912

2,953

-1.4%

8,786

9,006

-2.4%

North America

491

415

18.3%

1,399

1,157

20.9%

Total raw coking coal mined

4,983

5,098

-2.3%

16,573

14,632

13.3%

Total coking coal concentrate production

3,746

3,814

-1.8%

11,796

11,440

3.1%

Iron ore products production

3,504

3,750

-6.6%

10,648

10,563

0.8%

Total sales of steel products 1

2,978

3,246

-8.2%

9,281

9,652

-3.8%

Semi-finished products

1,337

1,440

-7.2%

4,183

4,476

-6.5%

Finished products

1,641

1,806

-9.1%

5,098

5,176

-1.5%

Total sales of third-party steel products

213

217

-1.8%

564

639

-11.7%

Sales of coking coal products

2,462

2,761

-10.8%

8,047

9,539

-15.6%

Sales of iron ore products

303

337

-10.1%

951

1,287

-26.1%

Sales of vanadium in slag

1,834

1,624

12.9%

4,593

4,366

5.2%

Sales of vanadium final products 2

2,864

3,247

-11.8%

9,479

8,366

13.3%

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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