Some 400 tons of 20P channel made of S355 steel at Evraz NTMK were shipped by Evraz Metal Inprom for the construction of the wintering complex of the Russian Antarctic Station “Vostoc”. The channel was shipped in December 2019 – January 2020. The channel was specifically made to withstand the temperature of minus 60 degrees…
Evraz has chosen the Titanium Valley special economic zone in Sverdlovsk region as a site for manufacture of railroad wheels. Evraz and Rail Service joint venture Allegro will manage the construction and the manufacture. Investments are estimated at 16 billion rubles. The capacity of the new shop will be 200 thousand railroad wheels per year…
Evraz board of directors has decided to pay interim dividends for 2019 in the amount of $0.4 per ordinary share. The total amount of dividends will reach $580.8 million. Last year EVRAZ paid interim dividends of $0.35 per share ($508.17 million). (Ukrainian metal)
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…
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…
Last year Evraz Metal Inprom increased services revenue by 10%. Being the main supplier of structural steel, the company is focusing on increasing processing services. In spring the company will launch a servicing center in Noginsk as well as start designing a center in Nizhniy Tagil. (Ukrainian metal)
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…
U.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.1% QoQ, to 3.45 million tons in October-December 2019, the company said in a statement on January 30. In 2019, production rose by 6.1%, to 13.814 million tons. (Prime/Ukrainian metal)
