Evraz's crude steel output rises 3%
Newly-listed steel giant Evraz has seen crude steel production rise by 3% in the year ended December 31st, helped by an increase in volumes in the Czech Republic.
Newly-listed steel giant Evraz has seen crude steel production rise by 3% in the year ended December 31st, helped by an increase in volumes in the Czech Republic.
Crude steel production totalled 16.773m tonnes in 2011, up from 16.291m the year before. Quarter-on-quarter output also increased by 3% in the last three months of the year, helped by the completion of scheduled maintenance and the full utilisation of major steel-making assets.
Raw coking coal production fell by 16% year-on-year as a result of several "longwall repositioning" and safety procedures which caused the temporary stoppages of some mines.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Prices for both steel and coking coal improved year-on-year but "the Q42011 pricing [of steel] was, as usual, affected by seasonal factors, as well as global growth concerns," the statement said.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefs
MPs want the government to delay changes to inheritance rax reliefs for farmers
-
‘I’m among the thousands of millionaires leaving the UK – the new tax rules don’t make sense ’
MoneyWeek spoke to a serial entrepreneur who is leaving the UK following the abolition of the non-dom tax status