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Evraz 2011 operational results for Russia
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Wednesday, 18 Jan 2012
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Russia20112010ChangeQ4'11Q3'11Change
Coke (saleable)532669(20.4)%120128{6.1)%
Pig iron10,33710,2211.1%2,6052,5402.6%
Pig iron (saleable)6567(2.7)%1718(7.5)%
Crude steel12,12511,9541.4%3,0032,9093.2%
Steel products10,94210,8560.8%2,7242,6393.2%
Semi-finished products4,2024,656(9.8)%1,03091512.6%
Construction products4,2203,82310.4%1,0931,0890.4%
Railway products1,5641,4934.8%361396(8.9)%
Flat-rolled products35631413.3%97102(5.1)%
Other steel products6005715.2%1431374.4%


In ‘000 tonnes

Crude steel production volumes slightly increased in 2011 compared to 2010 and by 3% in Q4 2011 compared to Q3 due to completion of scheduled maintenance. As the key steelmaking facilities remained fully utilized and the demand for domestically consumed finished products improved, the 2011 production of semi-finished steel decreased by 10% vs. 2010 reflecting shift of the mix towards high value-added finished products. Consequently, the production volumes of construction and flat-rolled products increased year-on-year by 10% and 13% respectively. In Q4 2011, the output of semi-finished goods increased by 13% with production of finished goods either remaining flat, as was the case with construction products, or decreasing due to a seasonal shift in demand.

Railway products output decreased by 9% in Q4 2011 compared to the previous quarter due to scheduled rail mill repair at EVRAZ NTMK in October and the re-equipment of the rail mill’s finishing lines aimed at improving rail quality. This is part of a large-scale rail production reconstruction project being carried out at EVRAZ’s Russian plants to satisfy pent-up demand from the Russian Railways.

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