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EVRAZ Q3 2015 production report

EVRAZ plc (LSE: EVR) today releases its operational results for the third quarter of 2015.

Q3 2015 vs Q2 2015 HIGHLIGHTS:

· Consolidated crude steel output reached 3.5 million tonnes, improving 3% QoQ on the back of completed repair works at Russian steel mills.

· Production of steel products, net of re-rolled volumes, was largely unchanged.

· The share of finished steel products within consolidated volumes grew to 69% in Q3 2015 from 65% in Q2 2015 due to seasonal pickup in demand for construction products in Russia and improved demand for linepipe in North America.

· Production volumes of railway products were 22% down due to maintenance at the Russian EVRAZ ZSMK rail mill and at EVRAZ North America rail mill in Pueblo coupled with seasonality in North America rail demand.

· Consolidated raw coking coal output and production of coking coal concentrate increased by 36% and 17% respectively due to resumption of full-scale mining at Yuzhkuzbassugol and Raspadskaya on the back of improving domestic demand in Russia.

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