Evraz Group S.A. - 4Q&FY2007 operational results

RNS Number:8370L
Evraz Group S.A.
15 January 2008

FOR IMMEDIATE RELEASE

Evraz Group Releases 4Q and FY 2007 Operational Results

January 15, 2008 - Evraz Group S.A. (LSE: EVR) today released its 4Q and FY 2007
operational results as follows.

PRODUCTION VOLUMES*

Product, '000 tonnes unless FY 2007 FY 2006 FY 2007/ 4Q 2007 4Q 2007/
otherwise stated FY 2006 change** 3Q 2007
change**
Steel division
Pig iron 12,575 12,754 (1.4)% 3,332 20.7%
Crude steel 16,333 16,115 1.4% 4,232 15.1%
Rolled products, net of re-rolled 15,217 14,457 5.3% 4,024 15.8%
volumes
Semi-finished products 4,101 6,228 (34.2)% 1,143 84.4%
Construction products 4,781 4,208 13.6% 1,182 (3.3)%
Railway products 2,266 1,572 44.1% 621 10.3%
Flat-rolled products 2,201 1,620 35.9% 575 (3.6)%
Tubular products 482 14 n/a 133 7.0%
Other steel products 1,352 815 65.9% 348 4.4%

Russia
Pig iron 12,064 12,754 (5.4)% 3,144 22.4%
Pig iron (saleable) 1,030 959 7.4% 272 18.2%
Crude steel 14,057 15,318 (8.2)% 3,620 20.7%
Rolled products, net of re-rolled 12,439 13,628 (8.7)% 3,244 22.6%
volumes
Semi-finished products 4,782 6,686 (28.5)% 1,319 78.3%
Construction products 4,608 4,208 9.5% 1,120 (3.4)%
Railway products 1,812 1,572 15.2% 500 11.5%
Flat-rolled products 470 456 2.9% 124 2.5%
Other steel products 733 706 3.9% 159 (2.7)%

Europe
Crude steel 891 796 11.9% 202 (15.8)%
Rolled products 1,376 1,287 6.9% 346 (4.8)%
Flat-rolled products 1,125 1,163 (3.3)% 274 (5.0)%
Other steel products 252 124 103.5% 72 (4.0)%

North America1
Crude steel 832 n/a n/a 207 (8.8)%
Rolled products 1,605 n/a n/a 434 6.7%
Railway products 454 n/a n/a 121 5.3%
Flat-rolled products 340 n/a n/a 77 (13.6)%
Tubular products 470 n/a n/a 131 7.7%
Other steel products 340 n/a n/a 106 29.2%

South Africa2
Pig iron 510 n/a n/a 188 (2.4)%
Crude steel 553 n/a n/a 202 (3.3)%
Rolled products 478 n/a n/a 175 (0.5)%
Construction products 173 n/a n/a 62 (1.0)%
Flat-rolled products 266 n/a n/a 101 2.2%
Other steel products 39 n/a n/a 12 (16.0)%

Mining division
Iron ore (saleable products)
Concentrate 3,504 2,523 38.9% 914 (1.0)%
Sinter 7,785 8,544 (8.9)% 1,794 (6.3)%
Pellets 6,029 5,922 1.8% 1,416 (1.6)%
Coal3
Coking coal (mined) 7,512 743 n/a 1,931 42.7%
Steam coal (mined) 5,142 99 n/a 1,142 (13.4)%
Concentrate (production) 4,348 n/a 881 12.5%

Vanadium (tonnes of V)4
Vanadium in slag (saleable) 11,752 11,653 0.8% 2,889 (1.0)%
Vanadium in alloys and chemicals 11,934 1,415 n/a 3,916 9.5%

Russia
Vanadium in slag (saleable) 11,752 11,653 0.8% 2,889 (1.0)%
South Africa
Vanadium in alloys and chemicals 10,064 829 n/a 3,395 5.5%
(saleable)
North America
Vanadium in alloys and chemicals 1,870 586 219.1% 520 45.6%
(saleable)

Equity investment
Raspadskaya5
Coking coal (mined) 13,550 9,160 47.9% 3,258 -11.6%

* All information on production volumes of the enterprises presented in the
press release concerns only the period of their operation within Evraz Group.

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's consolidated operating results.

** Percentage changes may not be exact due to rounding.

1 Operational results of Evraz Oregon Steel Mills are consolidated into the
Group since 12 January 2007.

2 Operational results of Highveld Steel and Vanadium Corporation are
consolidated since May 2007.

3 Evraz Group held a 50% interest in ZAO Yuzhkuzbassugol until 8 June 2007 and
consolidated its results on an equity basis. Yuzhkuzbassugol mined 3,573
thousand tonnes of coking coal, 2,162 thousand tonnes of steam coal and produced
2,451 thousand tonnes of concentrate until 8 June 2007. Since 8 June 2007 the
financial results of Yuzhkuzbassugol are fully consolidated into the Group.

4 Calculated in pure vanadium equivalent. Includes operational results of
Strategic Minerals Corporation consolidated into the Group since September 2006
and of Highveld Steel and Vanadium Corporation consolidated since May 2007.

5 Evraz Group holds a 40% effective interest in OAO Raspadskaya.

AVERAGE SELLING PRICES

USD/tonne (ex works) unless FY 2007 FY 2006 4Q 2007 3Q 2007
otherwise stated
Steel division
Russia
Pig iron 291 229 323 299
Rolled products
Semi-finished products 450 362 467 500
Construction products 692 478 677 757
Railway products 711 579 755 724
Flat-rolled products 597 472 592 625
Tubular products 717 584 694 726
Other steel products 608 446 649 652

Europe
Rolled products
Flat-rolled products 902 712 949 938
Other steel products 913 711 966 892

North America
Rolled products
Railway products 827 n/a 821 835
Flat-rolled products 1,348 n/a 1,783 1,410
Tubular products 1,361 n/a 1,383 1,373
Other steel products 672 n/a 655 681

South Africa
Rolled products
Construction products 858 n/a 884 851
Flat-rolled products 687 n/a 701 665
Other steel products 705 n/a 597 786

Mining division
Iron ore
Concentrate 69 53 71 71
Sinter 84 64 88 85
Pellets 84 65 88 83
Coal
Coking coal 44 30 50 40
Steam coal 27 48 26 25
Concentrate 92 n/a 109 78

Vanadium (USD/t of V)
Russia
Vanadium in slag 14,500 15,336 14,049 15,449
South Africa
Vanadium in alloys and 36,582 36,485 35,368 35,325

chemicals
North America
Vanadium in alloys and chemicals 37,868 38,673 39,351 38,571

Notes:

Semi-finished products include slabs, billets, pipe blanks and other products.

Construction products include beams, channels, angles, rebars, wire rods, wire,
and other products.

Railway products include rails, wheels, tyres and other products.

Flat-rolled products include commodity plate, specialty plate and other
products.

Tubular products include large diameter line pipes, ERW pipes and casings,
seamless pipes and other products.

Other steel products include rounds, grinding balls, mine uprights, strips etc.
For Europe they also include slab, crane rails and construction products; for
North America - bars, rods, and structural tubing; for South Africa - billets
and rails.

###

For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com

Evraz Group S.A. is one of the largest vertically-integrated steel and mining
businesses. In 2006, Evraz Group produced 16.1 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 e Bertoli in Italy, Evraz
Vitkovice Steel in the Czech Republic, and Evraz Oregon Steel Mills
headquartered in the USA. Its fast-growing mining businesses comprise Evrazruda,
the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes,
Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company.
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. Evraz vanadium operations comprise Strategic Minerals
Corporation, USA, and Highveld Steel and Vanadium Corporation, South Africa. For
further information visit www.evraz.com

This information is provided by RNS
The company news service from the London Stock Exchange
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