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.
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
