EVRAZ sees output fall in the fourth quarter

Scheduled maintenance at one of EVRAZ's plants led to lower steel production in the group's fourth quarter, the company announced on Friday morning.

Scheduled maintenance at one of EVRAZ's plants led to lower steel production in the group's fourth quarter, the company announced on Friday morning.

Consolidated crude steel production and gross output of steel products both fell by 6% compared with the third quarter, mainly due to the maintenance at EVRAZ ZSMK, the 3,000-hectare steel mill in the Siberia region.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

ZSMK is among five largest steel plants in Russia and one of the 30 largest steel plants in the world.

Meanwhile, the temporary suspension of work at EVRAZ Vitkovice's steel shop in the Czech Republic also contributed to the decrease in crude steel output, the company said.

Advertisement
Advertisement - Article continues below

Meanwhile, production of finished steel goods was more or less flat quarter-on-quarter. Output of iron ore products was also unchanged.

Raw coking coal production at its Yuzhkuzbassugol division fell by 6% on the third quarter as a result of a scheduled two-month longwall repositioning at the Osinnikovskaya mine.

Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601081/three-things-matter-for-the-uk-housing-market-now-and
Property

Three things matter for the UK housing market now – and “location” isn’t one of them

The UK housing market is frozen. And when it does eventually thaw out, the traditional factors that drive prices will no longer apply. The day of reck…
1 Apr 2020
Visit/investments/property/601065/what-does-the-coronavirus-crisis-mean-for-uk-house-prices
Property

What does the coronavirus crisis mean for UK house prices?

With the whole country in lockdown, the UK property market is closed for business. John Stepek looks at what that means for UK house prices, housebuil…
27 Mar 2020
Visit/economy/small-business/601073/furlough-what-does-it-mean-and-how-does-it-affect-me
Small business

Furlough: what does it mean and how does it affect me?

Many companies have “furloughed” employees after they have shut down because of the coronavirus. But what does furlough mean and how does the scheme w…
30 Mar 2020
Visit/investments/funds/investment-trusts/601042/these-five-trounced-investment-trusts-will-bounce-back
Investment trusts

These five trounced investment trusts will bounce back

The indiscriminate carnage in the markets has left these five promising investment trusts in the bargain basement.
31 Mar 2020