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EVRAZ Q2 2014 production report

Q2 2014 vs Q1 2014 HIGHLIGHTS:

  •  Consolidated crude steel production increased slightly in Q2 2014 vs. Q1 2014
  •  Consolidated production of steel products, net of re-rolled volumes increased by 6% as a result of growth both in production of construction products and rails in Russia on the back of strong domestic demand
  • Share of finished steel products within the consolidated volumes decreased to 70% in Q2 2014 vs. 74% in Q1 2014, whilst the share of semi-finished goods increased to 30% from 26%, due to lower intercompany supplies of slabs for re-rolling into finished goods at EVRAZ non-Russian assets
  • Output of iron ore products in Russia increased by 3% vs. Q1 2014
  •  Consolidated raw coking coal output and production of coking coal concentrate increased by 7% and 3% respectively due to strong Raspadskaya’s production
  • Average prices for most of EVRAZ’s steel products in Russia recovered on the back of improved demand in the domestic market
  • Average prices for flat-rolled and tubular products in North America improved supported by growing demand from the oil and gas sector
  • Average prices for Russian-produced iron ore products and coking coal concentrate softened in line with global benchmark prices 

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