Evraz Reduced Steel Output By 1.9% In Nine Months

Evraz Reduced Steel Output By 1.9% In Nine Months
Evraz Reduced Steel Output By 1.9% In Nine Months

Video: Evraz Reduced Steel Output By 1.9% In Nine Months

Video: Evraz Reduced Steel Output By 1.9% In Nine Months
Video: Evraz Steel 2024, March
Anonim

MOSCOW, October 29 - PRIME. Evraz in January-September 2020 reduced steel production by 1.9% compared to the same period last year - to 10.163 million tons, the company said.

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Steel product sales declined 2.2% to 9.668 million tonnes, including 5.192 million tonnes of finished products (down 9.8%) and 4.476 million tonnes of semi-finished products (up 8.4%).

Production of raw coal fell by 27.4% - to 14.632 million tons, sales of coal products increased by 11.7% - to 9.539 million tons. The production of iron ore raw materials (iron ore) increased by 0.7%, to 10.563 million tons, its sales to external consumers increased by 49.5%, to 1.287 million tons. Sales of vanadium products decreased by 10.4% - to 8.397 thousand tons.

Steel output in the third quarter decreased by 4.4% qoq to 3.227 million tonnes. This is mainly due to the planned shutdown of blast furnace No. 5 of Evraz NTMK and the launch of blast furnace No. 6 at the plant after a large-scale technical re-equipment.

Sales of steel products fell by 9.5% to 3.062 million tons, including sales of semi-finished products decreased by 24.1% to 1.309 million tons due to an increase in sales of finished products in the Russian Federation. Sales of finished products increased by 5.7% to 1.753 million tons "against the backdrop of good market conditions in Russia and thanks to an improved product portfolio," the company notes.

Production of raw coking coal increased by 14.6% to 4.775 million tons, which was facilitated by the completion of longwall rewiring at the Alardinskaya and Esaulskaya mines in the second quarter. Production at Raspadskiy Razrez was not carried out due to poor market conditions, but resumed in October amid a decrease in reserves and higher prices for coal products. Coal sales to external customers rose 23.6% to 3.46 million tonnes, driven by improved market conditions.

Iron ore production in the third quarter increased by 1.4% to 3.508 million tons. Sales of iron ore products to external consumers increased by 9% to 486 thousand tons. Sales of vanadium products increased by 13.4% to 2.779 thousand tonnes, amid an increase in metallurgical capacity utilization and a slight recovery in the automotive industry. At the same time, the structure of regional sales and product portfolio in the reporting period changed to meet more active demand in the Chinese market for vanadium oxides.

Evraz is a vertically integrated metals and mining company with production assets in the Russian Federation, the United States and Canada. It is one of the largest steel producers in the world in terms of production.

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