Date of publication: 18.01.2011
18 January 2010 — EVRAZ Group S.A. (LSE: EVR) today released its operational results for the fourth quarter of 2010 and full year 2010.
- Production of steel and major rolled products recovered in 4Q10 following the completion of scheduled maintenance at Evraz’s Russian steel mills in 3Q10
- Pricing for major product groups generally increased or remained flat, reflecting the gradual recovery in all the world markets
- Coking coal production recovered in 4Q10 and increased 36.7% compared to the previous quarter
- Despite positive pricing and production trends, our 4Q10 EBITDA guidance remains unchanged since the 3Q10 trading update due to an increase in certain cost items, both seasonal (energy), and non-seasonal (staff costs, rising costs of raw materials)
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