Q1 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS:
Both consolidated crude steel production and output of steel products (net of re-rolled volumes) increased by 11% due to lower downtime at steelmaking capacities in Q1 2013 compared to Q4 2012
Consolidated production of finished steel goods slightly increased (+2% vs. Q4 2012)
Production at EVRAZ ZSMK rail mill recommenced on 15 January 2013 following the successful completion of the modernisation project
EVRAZ NTMK completed the implementation of the PCI project
Consolidated output of iron ore products remained broadly flat at 5.2 million tonnes of saleable iron ore products
Raw coking coal production rose by 9%, with a 14% increase at Yuzhkuzbassugol and 3% at Raspadskaya
In February 2013, the Company commissioned Yerunakovskaya VIII mine which has a full production capacity of 2.5 million tonnes of coking coal per annum to be reached by the year-end
Average selling prices for most key steel product groups marginally increased or remained flat compared to Q4 2012
In January 2013, EVRAZ completed the acquisition of an indirect controlling interest in Raspadskaya for US$964 million, payable in equity and cash consideration, bringing effective interest to 82%
In March 2013, EVRAZ executed a non-binding term sheet for potential sale of EVRAZ Highveld
In April 2013, the Company acquired a 51% stake in Timir, a joint venture with Alrosa, created for the development of iron ore deposits in Yakutia, Russia for ca. US$160 million
In April 2013, Evraz Group S.A., a wholly owned subsidiary of EVRAZ, priced an issuance of US$1,000 million 7-year Eurobonds with a coupon of 6.50% per annum
In Q1 2013 preliminary capital expenditure totalled US$255 million
