TIDMEVR
RNS Number : 6509C
Evraz Plc
18 April 2013
EVRAZ Q1 2013 PRODUCTION REPORT and INTERIM MANAGEMENT
STATEMENT
18 April 2013 - EVRAZ plc (LSE: EVR) today releases its
operational results for the first quarter of 2013 and the Interim
Management Statement.
Q1 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS:
-- Both consolidated crude steel production and output of steel
products (net of re-rolled volumes) increased by 11% due to lower
downtime at steelmaking capacities in Q1 2013 compared to Q4
2012
-- Consolidated production of finished steel goods slightly increased (+2% vs. Q4 2012)
-- Production at EVRAZ ZSMK rail mill recommenced on 15 January
2013 following the successful completion of the modernisation
project
-- EVRAZ NTMK completed the implementation of the PCI project
-- Consolidated output of iron ore products remained broadly
flat at 5.2 million tonnes of saleable iron ore products
-- Raw coking coal production rose by 9%, with a 14% increase at
Yuzhkuzbassugol and 3% at Raspadskaya
-- In February 2013, the Company commissioned Yerunakovskaya
VIII mine which has a full production capacity of 2.5 million
tonnes of coking coal per annum to be reached by the year-end
-- Average selling prices for most key steel product groups
marginally increased or remained flat compared to Q4 2012
-- In January 2013, EVRAZ completed the acquisition of an
indirect controlling interest in Raspadskaya for US$964 million,
payable in equity and cash consideration, bringing effective
interest to 82%
-- In March 2013, EVRAZ executed a non-binding term sheet for potential sale of EVRAZ Highveld
-- In April 2013, the Company acquired a 51% stake in Timir, a
joint venture with Alrosa, created for the development of iron ore
deposits in Yakutia, Russia for ca. US$160 million
-- In April 2013, Evraz Group S.A., a wholly owned subsidiary of
EVRAZ, priced an issuance of US$1,000 million 7-year Eurobonds with
a coupon of 6.50% per annum
-- In Q1 2013 preliminary* capital expenditure totalled US$255 million
* Estimate as EVRAZ IFRS books are not yet closed
STEEL
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 356 345 3.2% 304 17.1%
Pig iron 3,153 3,086 2.2% 3,050 3.4%
Pig iron (saleable) 46 145 (68.3)% 22 109.1%
Crude steel 4,068 3,663 11.1% 4,327 (6.0)%
Steel products, gross* 4,032 3,683 9.5% 4,150 (2.8)%
Steel products, net of re-rolled
volumes 3,619 3,266 10.8% 3,717 (2.6)%
Semi-finished products** 937 637 47.1% 733 27.8%
Finished products 2,683 2,629 2.1% 2,984 (10.1)%
Construction products 1,236 1,293 (4.4)% 1,319 (6.3)%
Railway products 383 376 1.9% 552 (30.6)%
Flat-rolled products 647 557 16.2% 705 (8.2)%
Tubular products 231 245 (5.7)% 206 12.1%
Other steel products 186 158 17.7% 202 (7.9)%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Note. Numbers in this table and the tables below may not add to
totals due to rounding.
* Gross volume of steel products in the tables includes those
re-rolled at other EVRAZ's mills. However, such volumes are
eliminated as intercompany sales for purposes of EVRAZ's
consolidated operating results.
** Consolidated production volumes of semi-finished products are
preliminary as intra-group re-rolling volumes are yet to be
finalised
In Q1 2013, EVRAZ's overall production of crude steel increased
by 11% compared to Q4 2012, mainly due to absence of overhauls and
lengthy maintenance works at EVRAZ's Russian and Ukrainian steel
mills. The resumption of operations of theEVRAZ Vitkovice
steelmaking shop in the Czech Republic also contributed to higher
crude steel output in Q1 2013.
Consolidated production of finished steel goods was largely flat
quarter-on-quarter, while total steel products (including
semi-finished) increased by 11% primarily due to higher output of
semi-finished products in Russia. As a result, the share of
finished steel products as a percentage of total production of
steel products totalled 74% in Q1 2013 compared to 80% in Q4
2012.
RUSSIA
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 148 117 26.5% 113 31.0%
Pig iron 2,748 2,702 1.7% 2,671 2.9%
Pig iron (saleable) 44 97 (54.6)% 20 120.0%
Crude steel 2,948 2,755 7.0% 3,171 (7.0)%
Steel products, gross 2,726 2,498 9.1% 2,859 (4.7)%
Steel products, net of re-rolled
volumes 2,640 2,472 6.8% 2,807 (5.9)%
Semi-finished products 1,173 970 20.9% 1,050 11.7%
Finished products 1,467 1,502 (2.3)% 1,757 (16.5)%
Construction products 993 1,049 (5.3)% 1,069 (7.1)%
Railway products 261 250 4.4% 435 (40.0)%
Flat-rolled products 64 71 (9.9)% 104 (38.5)%
Other steel products 149 132 12.9% 150 (0.7)%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
In Q1 2013, pig iron output was marginally above that of Q4
2012, as blast furnaces operated at full capacity. Meanwhile, crude
steel output rebounded to normalised levels compared to Q4 2012, as
the results of the latter quarter were impacted by scheduled
maintenance at converter No 4 and the billet caster at EVRAZ
ZSMK.
In Q1 2013, gross production of steel products increased by 9%
vs. the previous quarter, with the volume of steel products, net of
volumes re-rolled into finished products within the Russian steel
mills, up by 7%.
The production of saleable semi-finished goods increased by 21%
as a result of higher crude steel output by EVRAZ ZSMK and growing
demand and prices for slabs in export markets.
In the reporting quarter, output of construction products
decreased by 5% vs. Q4 2012 due to weak demand for beams, including
from export markets.
In Q1 2013, production of railway products increased by 4%
compared to Q4 2012 following the commissioning of the EVRAZ ZSMK
rail mill after a large-scale modernisation programme that ran from
April 2012 to January 2013. Currently the rail mill is in the
ramp-up stage and is expected to reach its full capacity of 950,000
tonnes of rails per annum by Q1 2014. The first 100 metre rail was
re-rolled in mid-March and currently the certification process is
under way. The Company reiterates its production target of 720,000
tonnes of rails at the EVRAZ ZSMK rail mill in 2013.
The production of coke saleable to third parties grew by 27%
compared to Q4 2012 due to a decrease of internal coke consumption
in blast furnaces at EVRAZ NTMK after the completion of PCI
project. Starting from April 2013 the PCI equipment is operating in
the consumption mode of 310 kg coke and 140 kg PCI coal per tonne
of pig iron as compared to 405 kg coke per tonne of pig iron before
the implementation of the PCI project. In addition, the consumption
of the natural gas has decreased from 130 m3/t to 55 m3/t of pig
iron. The estimated overall cost saving effect is approximately
US$10/t crude steel.
In the reporting quarter the works on the PCI project at EVRAZ
ZSMK continued, with commissioning expected in Q1 2014.
In Q2 2013, there will be a week-long maintenance works at EVRAZ
NTMK's blast furnace 6 and EVRAZ ZSMK's blast furnace 1 that will
result in lower pig iron output. However, crude steel production
will not be much affected due to an improved conversion pig
iron/crude steel ratio at EVRAZ ZSMK.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
----------------------------- -------- -------- --------
Coke 178 182 193
Pig iron 291 266 450
Steel products
Semi-finished products 419 396 480
Construction products 674 667 675
Railway products 910 911 852
Flat-rolled products 573 559 644
Other steel products 685 709 761
----------------------------- -------- -------- --------
In Q1 2013, average selling prices for most key steel product
groups slightly improved quarter-on-quarter. Prices for railway
products remained at a high level.
NORTH AMERICA
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Crude steel 561 575 (2.4)% 610 (8.0)%
Steel products, net of re-rolled
volumes 717 676 6.1% 666 7.7%
Construction products 82 90 (8.9)% 83 (1.2)%
Railway products 122 126 (3.2)% 117 4.3%
Flat-rolled products 281 214 31.3% 261 7.7%
Tubular products 231 245 (5.7)% 206 12.1%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
In Q1 2013, EVRAZ's North American steelmaking mills continued
to operate at high utilisation rates with output of steel products
improving by 6% compared to Q4 2012 while crude steel production
slightly decreased (-2%) as a result of some minor unplanned
outages at our steelmaking facilities.
Decrease in construction products was due to lower production of
rod and bar (9,000 tonnes) as a result of constrained volumes of
crude steel output.
In Q1 2013, the output of railway products remained broadly in
line with Q4 2012.
The increased production of flat-rolled products in Q1 2013
(+31%) vs. Q4 2012 was due to lower volume of rolling in the end of
2012 to match production with reduced demand and improve inventory
levels. The flat-rolled order book in Q1 2013 improved quarter to
quarter which resulted in higher flat-rolled products output.
Production of tubular products decreased by 6% caused primarily
by lower spiral large diameter and line pipe sales. Such
performance is of a temporary nature as the order book for large
diameter pipes and line pipes remains strong.
In Q2 2013, steel output will grow to target levels as technical
issues at crude steelmaking facilities have been resolved. Tubular
production volumes can be affected by lower drilling activity in
Canada in Q2 2013 due to seasonal slowdown, as well as due to
increased imports in the North American market.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
-------------------------- -------- -------- --------
Construction products 794 760 923
Railway products 934 924 1,059
Flat-rolled products 876 906 1,068
Tubular products 1,387 1,422 1,565
-------------------------- -------- -------- --------
In Q1 2013, the pricing for EVRAZ North America's products was
mixed - while prices for construction and railway products followed
upward movement in scrap price in the USA and Canada, prices for
flat-rolled and tubular products softened slightly following global
trends.
Tubular products experienced some price pressure, in particular
in OCTG product group, due to some overcapacity, increased import
volumes and relatively high inventory levels at distributors.
UKRAINE
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
----------------------------- -------- -------- ------------------------- -------- -------------------------
Coke (saleable) 208 228 (8.8)% 191 8.9%
Pig iron 231 208 11.1% 183 26.2%
Pig iron (saleable) 2 48 (95.8)% 2 0.0%
Crude steel 244 167 46.1% 194 25.8%
Steel products 211 156 35.3% 169 24.9%
Semi-finished products 83 58 43.1% 40 107.5%
Finished products 128 98 30.6% 129 (0.8)%
Construction products 106 82 29.3% 95 11.6%
Other steel products 22 16 37.5% 35 (37.1)%
----------------------------- -------- -------- ------------------------- -------- -------------------------
In Q1 2013, crude steel production increased by 46% vs. Q4 2012
as in the reporting quarter there were no repairs in the converter
shop. This resulted in substitution of external pig iron sales by
internal consumption and higher output of both finished and
semi-finished steel products. The rolling facilities were running
at the full utilisation rate in the reporting quarter.
Overall the steel products' market in Ukraine remained strong
throughout Q1 2013.
In Q2 2013, no major overhauls are planned at the EVRAZ DMZ
steel shop. A 45-day overhaul is scheduled in May-June at one of
EVRAZ DMZ's rolling mills.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
-------------------------- -------- -------- --------
Coke 214 204 225
Pig iron 389 313 478
Steel products
Semi-finished products 475 474 534
Construction products 610 632 654
Other steel products 894 838 877
-------------------------- -------- -------- --------
EUROPE
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Crude steel 140 0 n/a 176 (20.5)%
Steel products, gross 254 230 10.4% 307 (17.3)%
Steel products, net of re-rolled
volumes 247 230 7.4% 294 (16.0)%
Construction products 14 26 (46.2)% 17 (17.6)%
Flat-rolled products 228 200 14.0% 269 (15.2)%
Other steel products 5 4 25.0% 8 (37.5)%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
In January 2013 the EVRAZ Vitkovice Steel (EVS) steelmaking
shop, which was temporarily suspended in Q4 2012 to optimise slab
inventory, resumed operation and produced 140,000 tonnes of crude
steel in Q1 2013. The agreed purchased volumes of pig iron were
sufficient to cover the needs of the steel shop from January to
March 2013, and from April 2013 EVS steelmaking shop has been idled
again, as EVRAZ continues to run its steelmaking operation in Czech
Republic in on-and-off mode to adjust the business to changing
market conditions. However the rolling mills at EVS continued to
operate irrespective of output of own crude steel.
Production of steel products in Q1 2013 increased compared to Q4
2012 by 10%, while flat-rolled product output increased by 14%,
production of construction products fell by 12,000 tonnes due to
overhaul of the EVS heavy section mill in mid- March 2013.
In Q1 2013, output of flat-rolled products at EVRAZ Palini e
Bertoli in Italy remained largely flat vs. Q4 2012 amounting to
100,000 tonnes of plate.
Prices for products of EVRAZ Europe were largely unchanged in Q1
2013 compared to Q4 2012.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
-------------------------- -------- -------- --------
Steel products
Construction products 890 889 865
Flat-rolled products 683 678 791
-------------------------- -------- -------- --------
SOUTH AFRICA
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
----------------------------- -------- -------- ------------------------- -------- -------------------------
Pig iron 174 176 (1.1)% 196 (11.2)%
Crude steel 175 166 5.4% 176 (0.6)%
Steel products 124 123 0.8% 148 (16.2)%
Semi-finished products 0 0 n/a 12 n/a
Finished products 124 123 0.8% 136 (8.8)%
Construction products 41 45 (8.9)% 56 (26.8)%
Flat-rolled products 74 71 4.2% 70 5.7%
Other steel products 9 6 50.0% 10 (10.0)%
----------------------------- -------- -------- ------------------------- -------- -------------------------
In Q1 2013 output of crude steel at EVRAZ Highveld Steel and
Vanadium improved by 5% vs. Q4 2012, as EVRAZ Highveld largely
overcame the negative impact of an industrial action and a
transportation strike in 2012. The production of flat-rolled
products increased by 4% due to improved demand for plate and coil
in South Africa.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
-------------------------- -------- -------- --------
Steel products
Semi-finished products 539 699 485
Construction products 789 730 858
Flat-rolled products 721 699 853
Other steel products 643 636 869
-------------------------- -------- -------- --------
MINING
IRON ORE
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Iron ore products 5,203 5,132 1.4% 5,204 0.0%
Concentrate, saleable (Russia) 1,230 1,331 (7.6)% 1,288 (4.5)%
Sinter (Russia) 1,198 1,230 (2.6)% 1,209 (0.9)%
Pellets (Russia) 1,544 1,572 (1.8)% 1,555 (0.7)%
Lumpy ore (Ukraine) 691 580 19.1% 734 (5.9)%
Fines ore (South Africa) 164 166 (1.2)% 157 4.5%
Lumpy ore (South Africa) 376 253 48.6% 261 44.1%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Overall production of saleable iron ore products by the Company
remained largely flat in Q1 2013 compared to Q4 2012.
In Q1 2013, production of saleable concentrate in Russia
decreased by 8% compared to Q4 2012 as a result of lower Fe grades
in the ore mined at EVRAZ VGOK and preparation for the closure of
Irba mine of Evrazruda, which is expected in mid-2013.
Volumes of sinter and pellets produced at the Russian operations
in Q1 2013 were marginally lower compared to Q4 2012 due to a
number of unscheduled minor repairs.
One of the highlights of the reporting quarter was the state
approval of the project documentation on the development of the
Sobstvenno-Kachkanarskoe deposit which clears the way for the start
of construction works.
EVRAZ Sukha Balka production of lumpy ore in Q1 2013 grew by 19%
vs. Q4 2012 with the results of the latter quarter being affected
by a repositioning of a skip conveyor at the Yubileynaya mine that
continued from mid-September to mid-November 2012.
The output of iron ore products at Mapochs mine of EVRAZ
Highveld significantly improved, while volumes of fines ore were
flat in Q1 2013 vs. Q4 2012, the production of lumpy ore increased
by 49%.
Prices for pellets and saleable concentrate in Russia
demonstrated positive dynamics in Q1 2013 compared to Q4 2012,
while selling prices for sinter remained unchanged.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
--------------------------------- -------- -------- --------
Iron ore products
Concentrate, saleable (Russia) 91 70 91
Sinter (Russia) 70 70 105
Pellets (Russia) 79 74 104
Lumpy ore (Ukraine) 63 50 66
Fines ore (South Africa) 35 13 11
--------------------------------- -------- -------- --------
COAL*
Product, '000 tonnes Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Raw coking coal (mined) 4,751 4,372 8.7% 3,669 29.5%
Yuzhkuzbassugol 2,490 2,181 14.2% 2,078 19.8%
Raspadskaya 2,261 2,191 3.2% 1,591 42.1%
Coking coal concentrate
(production) 3,382 3,000 12.7% 2,679 26.2%
Produced at Yuzhkuzbassugol
coal washing plants 1,280 908 41.0% 1,135 12.8%
Produced at EVRAZ ZSMK coal
washing plant 644 668 (3.6)% 565 14.0%
Produced at Raspadskaya
coal washing plant 1,457 1,424 2.3% 979 48.8%
Raw steam coal (mined) 19 644 (97.0)% 47 (59.6)%
Steam coal concentrate
(production) 10 79 (87.3)% 20 (50.0)%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
* Includes 100% of Raspadskaya's production volumes, pro forma
numbers for 2012
Coking coal
In Q1 2013, raw coking coal production at Yuzhkuzbassugol
increased by 14% compared to Q4 2012, due to increased production
at the Alardinskaya and the Yesaulskaya mines, the launch of a new
longwall at the Osinnikovskaya mine and commissioning of the
Yerunakovskaya VIII mine, all of which offset the loss of some
production as a result of a longwall repositioning at the
Abashevskaya mine in the reporting quarter.
Tragically a flood at the Ossinikovskaya mine in March 2013
killed 4 people. Consequently, the mining operations were
suspended. The estimated loss of raw coking coal mined is ca.
120,000 tonnes, which will be covered from the above ground
stockpile. Production is expected to recommence at the end of
April. The Alardinskaya mine resumed operation in mid-April after a
fire which caused only minor damage and briefly halted
operations.
Higher mining volumes of raw coking coal led to higher
production of coking coal concentrate. Besides, the increase is
also attributable to the start of coal processing at 3(rd) party
coal washing plants, processing of raw coal from stock after
debottlenecking, as well as operational improvements such as better
concentration yields.
Production of raw coking coal by the Raspadskaya coal company
was 3% higher quarter-on-quarter as mining at the Raspadskaya
underground mine continued with two longwalls. Production of coking
coal concentrate by Raspadskaya was in line with volumes of raw
coal mined.
In June 2013, the Uskovskayamine is expectedto suspend miningfor
a longwall repositioning that will last approximately two
months.
Steam coal
Production of raw steam coal decreased by 97% in Q1 2013 vs. Q4
2012 due to a combination of two factors: suspension of mining at
the Gramoteinskaya mine as a result of a fire in November 2012 and
longwall repositioning at the Kusheyakovskaya mine that started in
December 2012 and continued throughout Q1 2013.
Steam coal concentrate production decreased due to lower output
of raw steam coal.
In Q2 2013, steam coal production is expected to rebound
following the end of repositioning of a longwall at the
Kusheyakovskaya mine. The Gramoteinskaya mine is to remain
suspended.
Average selling prices
USD/tonne (ex works) Q1 2013 Q4 2012 Q1 2012
unless otherwise stated
--------------------------- -------- -------- --------
Raw coking coal 61 63 85
Raw steam coal 12 25 29
Coking coal concentrate 100 116 159
Steam coal concentrate - 49 70
--------------------------- -------- -------- --------
VANADIUM
Product, tonnes of V* Q1 2013 Q4 2012 Q1 2013/ Q4 2012, change Q1 2012 Q1 2013/ Q1 2012, change
---------------------------------- -------- -------- ------------------------- -------- -------------------------
Vanadium in slag (gross
production) 5,363 5,163 3.9% 6,026 (11.0)%
Russia 3,735 3,676 1.6% 3,879 (3.7)%
South Africa 1,628 1,487 9.5% 2,147 (24.2)%
Vanadium in final products
(saleable)
Ferrovanadium 3,188 2,773 15.0% 4,542 (29.8)%
Produced at own facilities 1,872 1,607 16.5% 2,082 (10.1)%
Processed at 3(rd) parties'
facilities 1,317 1,166 13.0% 2,460 (46.5)%
Nitrovan(R) 715 766 (6.7)% 412 73.5%
Oxides, vanadium aluminium and
chemicals 491 186 164.0% 372 32.0%
---------------------------------- -------- -------- ------------------------- -------- -------------------------
* Calculated in pure vanadium equivalent.
In Q1 2013, EVRAZ's total production of primary vanadium
(vanadium in slag) increased by 4% compared to Q4 2012, mainly as a
result of higher crude steel production at EVRAZ Highveld Steel and
Vanadium.
Totalferrovanadium production increased by 15% due to better
slag availability in South Africa and record production at EVRAZ
Vanady Tula.
Production of oxides, vanadium aluminium and chemicals grew in
Q1 2013 compared to Q4 2013 due to resumed EVRAZ Stratcor
operations at the end of January.
Average selling prices
USD/tonne of V (ex works) Q1 2013 Q4 2012 Q1 2012
-------------------------------------------- -------- -------- --------
Vanadium in final products
Ferrovanadium 28,814 23,579 23,109
Nitrovan(R) 30,690 26,912 26,521
Oxides, vanadium aluminium and chemicals 33,266 36,024 31,241
-------------------------------------------- -------- -------- --------
Notes:
Semi-finished products include slabs, billets, pipe blanks and
other semi-finished products.
Construction products include beams, channels, angles, rebars,
wire rods, wire, and other construction products.
Railway products include rails, wheels, tyres and other railway
products.
Flat-rolled products include commodity plate, specialty plate
and other flat products.
Tubular products include large diameter line pipes, ERW pipes
and casings, seamless pipes and other tubular products.
Other steel products include rounds, grinding balls, mine
uprights, strips etc. For Ukraine they also include railway
products, for Europe - slabs and cut shapes; for South Africa -
rails.
###
For further information:
Media Relations:
Oleg Kuzmin
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
EVRAZ is a vertically integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, USA,
Canada, Czech Republic, Italy and South Africa. EVRAZ is among the
top steel producers in the world based on crude steel production of
15.9 million tonnes in 2012. In 2012 EVRAZ sold 15.3 million tonnes
of steel products. A significant portion of the company's internal
consumption of iron ore and coking coal is covered by its mining
operations. The company's consolidated revenues for the year ended
31 December 2012 were US$14,726 million, and consolidated EBITDA
amounted to US$2,012 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRFNKFDDABKKDQD
Evraz (LSE:EVR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Evraz (LSE:EVR)
Historical Stock Chart
From Oct 2023 to Oct 2024
