Evraz reports higher steel product output
Evraz
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17:30 25/09/24
Shares in Evraz jumped after the steelmaker reported that consolidated crude steel output was at 3.5m tonnes during the final three months of 2017, unchanged from the prior quarter.
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Production of steel products, net of re-rolled products on the other hand, was 5.7% higher on the quarter at 3.3m tonnes, following repairs to blast furnace number two at its ZSMK mill.
Volumes of semi-finished products increased at its Russian steel mills as did output of railway products, the company said in a statement, with the latter recovering from the repairs conducted at ZSMK's rail mill in the third quarter.
In North America meanwhile, output of crude steel and steel products was unchanged from the prior quarter.
Coaking coal output was mixed, the company added, with production of raw coaking coal declining, mainly as a result of scheduled longwall repositioning at the Alardinskaya and Uskovskaya mines.
However, output of coking coal concentrate rose by 7.8% on the quarter on the back of greater market demand, better washing plants performance and debottlenecking of logistics capacities.