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
Intertek Group 2,665.00 3.82 10:29
Royal Bank of Scotland Group 374.10 3.51 10:29
easyJet 1,415.00 2.46 10:29
Associated British Foods 2,625.00 2.42 10:29
Smiths Group 1,276.00 2.08 10:29

FTSE 100 Top Fallers

Name Last Chg.% Time
Next 6,605.00 -3.79 10:29
Marks & Spencer Group 405.70 -2.34 10:29
ARM Holdings 909.00 -1.68 10:27
Randgold Resources Ltd. 4,201.00 -1.13 10:29
Intu Properties 326.30 -1.12 10:29