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.

NASDAQ 100 Top Risers

Name Last Chg.% Time
Tesla Motors Inc 280.02 4.04 22:10
Vertex Pharmaceuticals Inc. 131.26 4.02 22:04
eBay Inc. 61.85 2.36 21:57
Western Digital Corp. 80.87 1.80 22:10
Avago Technologies Ltd. 137.64 1.58 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Liberty Global plc Series A 50.70 -6.92 22:10
Cognizant Technology Solutions Corp. 60.53 -2.56 22:10
Cerner Corp. 68.48 -1.33 22:04
Amgen Inc. 153.26 -1.12 21:53
Charter Communications Inc. 171.80 -1.03 22:01