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
Carnival 2,820.00 4.56 16:49
Kingfisher 312.00 3.41 17:15
St James's Place 794.00 3.12 17:03
Vodafone Group 233.95 2.90 17:12
TUI Travel 444.90 2.63 17:01

FTSE 100 Top Fallers

Name Last Chg.% Time
BG Group 900.20 -8.77 17:02
Tullow Oil 426.00 -8.37 17:02
Weir Group 1,876.00 -4.29 17:12
BHP Billiton 1,517.00 -3.19 17:08
Intertek Group 2,334.00 -2.99 16:57