Evraz's crude steel output rises 3%

Company News

Evraz's crude steel output rises 3%

Tue, 17 January 2012
Evraz's crude steel output rises 3%

Newly-listed steel giant Evraz has seen crude steel production rise by 3% in the year ended December 31st, helped by an increase in volumes in the Czech Republic.

Crude steel production totalled 16.773m tonnes in 2011, up from 16.291m the year before. Quarter-on-quarter output also increased by 3% in the last three months of the year, helped by the completion of scheduled maintenance and the full utilisation of major steel-making assets.

Raw coking coal production fell by 16% year-on-year as a result of several "longwall repositioning" and safety procedures which caused the temporary stoppages of some mines.

Prices for both steel and coking coal improved year-on-year but "the Q4 2011 pricing [of steel] was, as usual, affected by seasonal factors, as well as global growth concerns," the statement said.

FTSE 100 Top Risers

Name Last Chg.% Time
3i Group 398.90 3.29 17:11
St James's Place 721.00 3.00 17:13
Royal Bank of Scotland Group 366.00 2.46 17:13
Babcock International Group 1,091.00 2.44 17:11
Ashtead Group 1,059.00 2.32 17:11

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 4,355.00 -1.69 17:13
Rio Tinto 3,179.00 -1.56 17:13
Wolseley 3,315.00 -1.40 17:15
BHP Billiton 1,793.50 -1.27 17:11
Barratt Developments 398.70 -1.26 17:11