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evraz highveld steel and van (HSVLF) Snapshot

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99.2M
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06/7/10
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evraz highveld steel and van (HSVLF) Details

EVRAZ Highveld Steel and Vanadium Limited produces and sells iron ore, flat products, and steel and vanadium slag in South Africa, Africa, the Americas, Europe, and Australasia. It provides steel products, including cast billets as semi-finished products for producing rebars and merchant bars; structural products for the construction, transportation, and mining industries; and flat products that are used in the construction, fabrication, engineering, and ship-building industries. The company also offers vanadium slag for the conversion into ferrovanadium, which is used as a steel additive in high-strength steels. It was formerly known as Highveld Steel and Vanadium Corporation Limited and changed its name to EVRAZ Highveld Steel and Vanadium Limited in 2010. The company was founded in 1957 and is headquartered in eMalahleni, South Africa. EVRAZ Highveld Steel and Vanadium Limited is a subsidiary of Mastercroft Limited.

2,048 Employees
Last Reported Date: 04/11/14
Founded in 1957

evraz highveld steel and van (HSVLF) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: R2.2M
Compensation as of Fiscal Year 2013.

evraz highveld steel and van (HSVLF) Key Developments

Evraz Highveld Steel & Vanadium Ltd. Appoints Mr. Barend Petersen as Non-Executive Director and Chairman of the Board

Evraz Highveld Steel & Vanadium Ltd. announced the appointment of Mr. Barend Petersen as non-executive director and Chairman of the Board, with effect from August 19,  2014. Mr. Petersen will succeed Mr. Bheki Shongwe, who has resigned as Independent non-executive director and Chairman from the Board with effect from August 19, 2014. Mr. Petersen is the executive chairman of De Beers Consolidated Mines Limited and a director of the De Beers Group.

Barend Petersen Joins the Board of Directors of Evraz Highveld Steel and Vanadium Ltd

Evraz Plc had agreed to sell 34% of Evraz Highveld Steel and Vanadium Ltd. (EHSV) to Macrovest 147 Proprietary Ltd. for ZAR 289 million. Macrovest is led by Barend Petersen, executive chairman of De Beers Consolidated Mines. He will join the board of directors of EHSV.

Evraz Highveld Steel & Vanadium Ltd. Reports Production Results for the Second Quarter Ended June 30, 2014

Evraz Highveld Steel & Vanadium Ltd. reported production results for the second quarter ended June 30, 2014. For the quarter, the company produced hot metal of 191,418 tons compared to 158,435 tons reported a year ago. The company reported 169,574 tons of continuously cast blocks, 52,946 tons of sections, 42,712 tons of plates, 35,450 tons of coil, 1,895,959 Kg V of vanadium slag, 195,495 tons of fines ore and 1,142,005 Kg V of ferrovanadium compared to 159,163 tons of continuously cast blocks, 47,208 tons of sections, 48,686 tons of plates, 38,730 tons of coil, 1,910,621 Kg V of vanadium slag, 188,463 tons of fines ore and 1,296,676 Kg V of ferrovanadium reported a year ago. Compared to the first quarter of 2014, hot metal production increased due to stability through-out the Ironmaking process mainly as a result of operational improvements. Flat product production volumes were lower as a result of operational challenges and weaker market conditions. Vanadium Slag production increased as a result of improved vanadium yield and plant availability. Fines ore production and prices increased as a result of operational improvements and favourable pricing due to the improved Vanadium prices in second quarter of 2014.

 

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