17.1.2006
Evraz Group S. A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, today released its 2005 trading update*.
| Product | 4Q 2005 thousand tonnes |
4Q 2005/4Q 2004 change, % | 2005, thousand tonnes |
2005 / 2004 change, % |
| Steel division | ||||
| Pig iron | 2,959 | -1.4% | 11,457 | -0.9% |
| Steel | 3,639 | +5.1% | 13,852 | +1.2% |
| Rolled products ** | 3,239 | +3.7% | 12,226 | +0.6% |
| Mining division *** | ||||
| Iron ore (saleable products) | ||||
| Concentrate | 598 | -8.7% | 2,709 | +10.2% |
| Sinter | 2,045 | -11.9% | 8,778 | +11.2% |
| Pellets | 1,410 | -2.7% | 5,180 | +56.2% |
| Coal (mined) | ||||
| Coking coal | 190 | n/a | 538 | n/a |
| Steam coal | 13 | n/a | 50 | n/a |
| Equity investments **** | ||||
| Coking coal (Raspadskaya) | 1,648 | -14.1% | 6,395 | n/a |
| Coking and steam coal (Yuzhkuzbassugol) | 4,731 | n/a | 17,085 | n/a |
* * All information on production volumes of the enterprises presented in the press release concerns only the period of their operation within Evraz Group except data for Yuzhkuzbassugol and Raspadskaya Mine, which are full year production volumes.
** Operational results of Palini & Bertoli are consolidated into the Group since September 2005. Operational results of Vitkovice Steel are consolidated since December 2005. The total volume of rolled steel products excludes those re-rolled at other Group’s plants. These volumes are eliminated as intercompany sales for purposes of Evraz consolidated operating results.
*** Operational results of Evrazruda are consolidated for the full 12 month periods of the years 2005 and 2004. Operational results of Kachkanarsky GOK are consolidated since June 2004. Mine 12 operational results are consolidated into the Group since April 2005.
**** Evraz Group holds a 47.8% effective interest in Raspadskaya Mine and 50% interest in Yuzhkuzbassugol.
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For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com
About Evraz Group
Evraz Group S. A. is one of the largest vertically-integrated steel and mining businesses with operations mainly in Russia. In 2004, Evraz Group produced 13.7 million tonnes of crude steel. Evraz Group’s principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (ZapSib) and Novokuznetsk (NKMK) in Siberia, as well as Palini & Bertoli in Italy and Vitkovice Steel in the Czech Republic. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and Neryungriugol coal company and equity interests in the Raspadskaya coal mine and Yuzhkuzbassugol. The mining assets enable Evraz Group to be a vertically-integrated steel producer. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia, which facilitates access to Asian export markets.
