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Q1 2020 vs Q4 2019 HIGHLIGHTS
In Q1 2020, EVRAZ’ consolidated crude steel output rose by 3.2% QoQ,
mainly due to completion of capital repairs at EVRAZ NTMK’s converter
no. 2, which took place in Q4 2019.
Total steel product sales fell by 10.4% QoQ. Sales of semi-finished
products dropped by 15.3% QoQ, due to higher than usual sales volumes
from Russia at Q4 2019 on the back of good export market conditions.
Sales of finished products went down by 6.1%, due to seasonal decline in
demand in the first quarter of the year in Russia as well as due to the
sale of Palini e Bertoli in 2019. In addition, sales of finished
products were impacted by lower tubular product sales volumes due to a
lack of line pipe orders and deterioration of oil country tubular goods
(OCTG) market demand in North America.
Total raw coking coal production decreased by 4.8% QoQ, driven by weaker
demand for coal on global markets as well as lower production at
Yuzhkuzbassugol’s mines following the longwall move at the Uskovskaya
mine. Production at Mezhegeyugol has been suspended until favourable
market conditions are restored.
External sales volumes of coking coal products surged by 30.4% QoQ due
to successfully completed task to maximise product shipments as well as
higher sales volumes to China.
External sales of iron ore products jumped by 30.0% QoQ as most of the
Q4 2019 sales volumes were delivered in Q1 2020 due to logistical
limitations on shipments to China.
Sales of vanadium products fell by 9.9% QoQ, mainly due to weaker demand
for FeV in Europe as a result of reduced steel utilisation rates
following lower demand in the automotive industry. Lower FeV sales to
Europe was partially compensated by increased FeV and oxide sales to
Asia and Russia.
|
Product, ‘000 tonnes |
Q1 2020 |
Q4 2019 |
Q1 2020/ Q4 2019, change |
Q1 2019 |
Q1 2020/ Q1 2019, change |
|
Total crude steel production |
3,559 |
3,449 |
3.20% |
3,488 |
2.00% |
|
Russia |
3,121 |
3,008 |
3.80% |
2,986 |
4.50% |
|
North America |
438 |
441 |
-0.70% |
502 |
-12.70% |
|
Total raw coking coal mined |
5,692 |
5,981 |
-4.80% |
6,844 |
-16.80% |
|
Total coking coal concentrate production |
3,747 |
3,537 |
5.90% |
3,684 |
1.70% |
|
Iron ore products production |
3,595 |
3,277 |
9.70% |
3,636 |
-1.10% |
|
Total sales of steel products |
3,227 |
3,603 |
-10.40% |
3,135 |
2.90% |
|
Semi-finished products |
1,437 |
1,697 |
-15.30% |
1,335 |
7.60% |
|
Finished products |
1,790 |
1,906 |
-6.10% |
1,800 |
-0.60% |
|
Total sales of third-party steel products |
175 |
200 |
-12.70% |
180 |
-2.80% |
|
Sales of coking coal products |
3,278 |
2,514 |
30.40% |
2,656 |
23.40% |
|
Sales of iron ore products |
355 |
273 |
30.00% |
464 |
-23.50% |
|
Sales of vanadium in slag |
765 |
1,923 |
-60.20% |
1,176 |
-34.90% |
|
Sales of vanadium final products* |
3,168 |
3,514 |
-9.90% |
2,518 |
25.80% |
To view the full content of the report, please go to the official
website of
Evraz. |
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |
