Russia: Evraz appoints new CFO
Evraz plc has appointed Nikolay Ivanov the new vice-president on finances (CFO). Ivanov will replace Giacomo Baizini, who has been CFO for 4 months following the resignation of Pavel Tatianin. (Ukrainian metal)
Russia: Evraz expecting coking coal demand to go up
Evraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
Russia: Evraz-ZSMK scrap deliveries down in September 2016
In September Evraz-ZSMK received 148.4 thousand tons of ferrous scrap via railroad, down by 7.7% MoM, but up by 10% YoY. In August the figures stood at +25% and +31.7% respectively, with –24.4% and +45% in July. In January-September scrap deliveries reached 926.4 thousand tons, down by 6.9% YoY. This is the lowest result in…
Russia: Evraz Q3 2016 results
In Q3 Evraz produced 3.4 million tons of steel, up by 6.3%. Russian and Kazakhstan companies produced 2.79 million tons, up by 8.2%. According to the company statement, the increase was the result of the overhaul completion at Evraz ZSMK blast furnace No. 1. Semi-finished products output increased to 43% from 34.8% in Q2. Cocking…
Ukraine: Evraz to raise coal output and sales in 2016
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to raise coal output by 8% to 22.1 million tons and raise sales in Ukraine by 24% to 2.1 million tons in 2016. “Evraz significantly increased supplies to the Ukrainian market over the last three years, reaching a 16% market share in 2016. By using…
Ukraine: AMKR and Metinvest among world largest metal companies
In 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…
Ukraine: Evraz employees to work half-time
Evraz Ukraine ponders the possibility of making some of its staff work half-time.