Evraz intends to increase coking coal output at its Raspadskaya-Koksovaya mine. In 2-3 years output is expected to grow 1.5-fold, from 0.65 million tons planned for this year to 1 million tons. The goal of the company is to completely cover the need of its metal works in raw materials. As of September 19, output…
The crushing-processing factory of Sheregesh mine (a part of Evrazruda) within the program to process wastes has put into operation a new diffusing complex. Evraz investments into the project exceeded 5 million rubles. The new complex will reduce waste storage by 200 thousand tons per year, as well as decrease transportation costs. The annual savings…
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to keep the ratio of its net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) at 2 in 2017, Vice President Nikolai Ivanov said during a conference call on August 10. “We plan no serious changes of the net debt level at the…
In January-June Evraz increased net profit 12.3-fold YoY, to $86 million. According to the company statement, its consolidated EBITDA grew 2-fold, to $1.152 billion, while consolidated revenue increased by 44.1%, to $5.1 billion. Evraz’s net debt in H1 totaled $4.3 billion, down from $4.8 billion in late 2016. (Ukrainian metal)
Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 million tons of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (a part of Metalloinvest) will have supplied Evraz with 1.6 million tons of pellets and 1.8 million tons of iron ore concentrate by June 30, 2018. Nazim Efendiev, First…
Evraz ZSMK has started producing V500V wire rod with the 10-40 mm diameter according to the British standard. This will allow Evraz to increase exports volume of wire rod and strengthen its position on the foreign market of construction rolled metal. The trial batch has been tested by CARES and confirmed its correspondence to BS…
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19. In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)
In June, according to railroad statistics, direct deliveries of ferrous scrap to Evraz ZSMK totaled 183.6 thousand tons, up by 7.5% MoM and by 8% YoY. In January-June the company received 714 thousand tons of scrap, up by 46% YoY and on average by 19% compared to the last 5 years. Evraz ZSMK holds the…
