Next year prices of metal products and raw materials will stabilize, Evraz says.
“We believe the prices of coal and steel will return to a more sensible level. It’s difficult to say, when this happens, but probably already in the second half of the year. Or next year”, Evraz vice president on finances Nikolai Ivanov said.
At present Evraz is not wholly provided with iron ore.
“The Ural division is 100% supplied with ore. At the same time ZSMK covers only 60% of its needs. So we have to buy ore. Our goal is to make our Russian assets self-sufficient. As to the coal, we produce more than we need. Thus, we export a part of it”, he added. (Ukrainian metal)
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