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EVRAZ Group 4Q 2010 and FY 2010 Operational Results

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EVRAZ Group 4Q 2010 and FY 2010 Operational Results

18 January 2010 EVRAZ Group S.A. (LSE: EVR) today released its operational results for the fourth quarter of 2010 and full year 2010.

HIGHLIGHTS:

  • 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)

Please download the full version of the press release here.