Russia: Evraz net profit down in 2019

In 2019, Evraz received $365 million of net profit, down by 85.2% YoY. EBITDA dropped by 31.1%, to $2.6 billion. Consolidated revenue fell by 7.3%, to $11.9 billion. At the same time capital investments increased by 44.6%, to $762 million. This year Evraz plans capital investments on the level of $900 million. Net debt as…

Russia: Evraz orders Danieli QSP-DUE plant

Evraz Consolidated West-Siberian Metallurgical Plant Joint-Stock Company has ordered from Danieli an innovative QSP-DUE (Danieli Universal Endless) plant for the production of high value-added products for the new facility in Novokuznetsk, Kemerovo region. This will be the second Danieli QSP-DUE plant in the world. The order follows the start-up of the first ever DUE plant…

Russia: Evraz starts buying Sibuglemet assets

Evraz owners start buying Sibuglemet, one of the largest coking coal producers in Russia. The Federal Antimonopoly Service has received a claim from Onega Holding to buy 99.57% of Mezhdurechye (the main Sibuglemet mining asset). Onega Holding is owned by Greenleas International Holdings of Roman Abramovich, Abiglaze Limited of Alexander Abramov and Toshi Holdings of…

Russia: Evraz output up in 2019

In 2019 Evraz Russian plants produced 11.953 million tons of steel, up by 9% YoY. The growth of the output is due to the capital repair of the blast furnace No. 1 lasting less than the repair of the blast furnace No. 3 in 2018. Steel sales totaled 13.502 million tons, up by 10.4%, with…