Russia: Evraz steel output up in 2017

In 2017 Evraz increased steel output by 3.8% YoY, to 14.033 million tons. According to the company statement, in Q4 2017 steel manufacture grew by 1.4% QoQ, to 3.546 million tons. Semi-finished products output increased by 6.5% YoY, to 5.519 million tons, while that of construction rolled metal dropped by 7.9%, to 3.139 million tons.…

Russia: Evraz to improve Abagurskaya Factory output

The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…

Russia: Evraz accused of wheel price increase

The Federal Antimonopoly Service found out that in 2013-2015 Evraz set the profitability of 1058 mm wheel manufacture 4 times higher as that on the market. According to FAS, Evraz occupies the “dominating position on the Russian railroad wheels market” and has violated the law on competitiveness protection. In the past 5 years Evraz share…

Russia: Evraz steel output up in Q3 2017

In Q3 Evraz produced 3.506 million tons of steel, up by 5.9% QoQ. “The consolidated steel output grew, first of all, because of the completion of the scheduled repairs of the oxygen-converter shop at Evraz DMZ (Ukraine)”, the group noted. Semi-finished products output reached 3.121 million tons, up by 4.4% QoQ. In Q4 Evraz expects…