Russia: Evraz steel output up in Q1 2019

In January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…

Russia: Evraz spends 900 million rubles on labor safety

The Urals enterprises of Evraz in 2018 improved the working conditions of 4 thousand metallurgists and miners.

The group spent over 900 million rubles on the labor and industrial safety programs.

Some enterprises replaced lighting in warehouses and railroad sites.

Others provided their employees with personal protection means. (Ukrainian metal)

Russia: Evraz to sell 1.8% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.8% of Evraz shares. The number of shares that the companies intend to sell amounts to 25.4 million. Roman Abramovich indirectly owns shares in Evraz through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov…

Russia: Evraz’s IFRS net profit up in 2018

The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…

Russia: Evraz and VEB.RF to create JV over Sibuglemet

Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…

Russia: Evraz reconstructing Tashtagol mine

Evraz is carrying out a project to reconstruct the Tashtagol mine. The project will improve the company raw materials safety thanks to the increase of iron ore mining 1.5-fold, from 2.2 million tons to 3.25 million tons per year. Investments in the project will reach 6.8 billion rubles. The balance reserves of the mine as…

Russia: Evraz sales down in Q3 2018

In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…

Russia: Evraz shareholders change ownership structure

Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…

Russia: Evraz declares record-high profit in H1 2018

Net profit of Evraz in January-June grew to $1.145 billion from $86 million in H1 2017.

Free money flow increased from $549 million to $661 million, while the debt dropped by $646 million, to $4.786 billion.

Consolidated EBITDA went up by 65.5%, to $1.906 billion. (Ukrainian metal)

Russia: Evraz steel output down in H1 2018

Steel production of the U.K.-based mining giant Evraz, which operates mainly in Russia, shrank by 2.3% YoY, to 6.832 million tons in January-June, the company said in a statement on July 26. Cast iron production fell by 7.7%, to 5.252 million tons in the period. In April-June the company’s steel output fell by 3.9% QoQ,…