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Evraz’s crude steel output down 9.5 percent in Q2 from Q1 level

Tuesday, 25 July 2017 16:19:22 (GMT+3)   |   Istanbul
       

Russian mining and steelmaking company Evraz Group has announced its production results for the second quarter of the current year, stating that its crude steel production decreased by 9.5 percent to 3.3 million mt compared to the first quarter of this year, primarily due to planned capital repairs at EVRAZ ZSMK’s oxygen steelmaking converter No. 5 and blast furnace No. 2, as well as planned capital repairs at EVRAZ DMZ’s oxygen-converter plant. In the second quarter this year, the company's pig iron production decreased by 3.5 percent to 2.79 million mt, finished steel production rose by 5.6 percent to 1.91 million mt and coke production increased by 44.9 percent to 171,000 mt, all quarter on quarter.

Evraz said that the share of finished steel products in consolidated volumes rose to 63.8 percent in the second quarter, up from 55.6 percent in the first quarter, due to lower output of semi-finished products in Russia and Ukraine.

According to the company's statement, in the second quarter of this year, output of flat products rose by 8.4 percent quarter on quarter, mostly following a planned maintenance outage at its Italian plate mill EVRAZ Palini e Bertoli in the first quarter as well as due to strengthening demand in North America.


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