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EVRAZ Q1 2016 production report

EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) today releases its operational results for the first quarter of 2016.

Q1 2016 vs Q4 2015 OPERATIONAL HIGHLIGHTS:

·       Consolidated crude steel output remained stable at 3.5 million tonnes, with the Company’s Russian steel mills running at full capacity.

·       Production of steel products, net of re-rolled volumes, remained unchanged at 3.3 million tonnes.

·       Output of railway products in Russia, including rails, surged by 25.0%, mostly due to higher consumption by Russian Railways, and increased export volumes to Latin America and the Middle East.

·       Production of coking coal concentrate increased by 4.6%, driven by a rise in demand in Russia and Ukraine.


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