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)
The board of directors of the U.K.-based mining giant Evraz, which operates mainly in Russia, has recommended paying $0.4 per share, or a total of $577.34 million, in second interim dividends for 2018, the company said in a statement on August 9. “A second interim dividend for 2018 of $577.34 million, or $0.4 per share,…
For the first time in Russia, the Evraz Mezhegeyugol miners have put into operation self-advancing support units. The new machinery will make the labor conditions safer and increase labor efficiency. In June 35 thousand tons of coal were mined, while in July – 10 thousand tons more. USA and Australia have been using such machines…
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,…
Next year prices of metal products and raw materials will stabilize, Evraz says. “We believe the prices of coal and steel will return to a more sensible level. It’s difficult to say, when this happens, but probably already in the second half of the year. Or next year”, Evraz vice president on finances Nikolai Ivanov…
Evraz still supplies slabs to the United States, despite the duty of 25%. According to the Evraz vice president on finances Nikolay Ivanov, “on one hand, the products sold to the US became more expensive, while on the other, because of the duty, as expected, domestic prices have grown“. “So we are still supplying slabs…
Evraz and the Russian Railroads have launched the system of electronic workflow. Each month Evraz sends to RZhD some 300 packets of paper documents. Each packet has dozens of documents. The switch to the electronic workflow will decrease time to prepare and send the primary documents from 8 to 1-2 days. The process took around…
Evraz, belonging to Roman Abramovich, Alexander Abramov and Alexander Frolov, could decrease the charter capital of Evraz Plc by $1.43 billion to pay dividends to the shareholders. The Evraz dividend policy adopted in March presupposes annual payments of not less than $300 million. But in 2017 the company paid $860 million, and both investors and…