Login/Register

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
Admiral Group 1,339.00 2.29 16:58
Compass Group 1,107.00 1.93 16:52
BAE Systems 471.30 1.86 17:04
Kingfisher 330.30 1.82 17:09
Johnson Matthey 3,410.00 1.76 17:04

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 4,150.00 -6.34 17:00
Tullow Oil 407.00 -4.05 17:00
Fresnillo 714.00 -3.38 17:00
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,038.00 -3.26 17:05
Tesco 181.00 -2.37 17:09