Evraz posts fall in quarterly steel production

Russian steel giant Evraz reported a six per cent decline in consolidated crude steel production in the second quarter compared to the first, mainly due to scheduled capital repairs, maintenance work and modernisation at Russian steel mills.

Russian steel giant Evraz reported a six per cent decline in consolidated crude steel production in the second quarter compared to the first, mainly due to scheduled capital repairs, maintenance work and modernisation at Russian steel mills.

The steel product volumes also declined by 6% (8% compared to Q2 2011), partly driven by the scheduled modernisation of production facilities in Russia and partly driven by weaker demand in some markets, namely Europe and South Africa. The share of finished products in the total steel products output remained unchanged at 80% in the first half of 2012 and 79% in the second quarter.

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