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EVRAZ Q3 2016 production report

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

Q3 2016 vs Q2 2016 operational highlights:

  • Consolidated crude steel output increased by 6.3% QoQ to 3.4 million tonnes in Q3 2016, following the completion of capital repairs at blast furnace 1 at EVRAZ ZSMK.
  • Output of steel products, net of re-rolled volumes, rose by 5.6% QoQ to 3.0 million tonnes, primarily due to the repairs completed at blast furnace 1 at EVRAZ ZSMK.
  • The share of semi-finished products increased to 43.0% in Q3 2016 (34.8% in Q2 2016), its standard level, following the repairs completed at blast furnaces, boosting the volume of steel available for export in Q3 2016.
  • In North America, output of tubular products (large-diameter pipes (LDP), oil country tubular goods (OCTG) and small-diameter line pipes) fell by 12.5% QoQ, due to pipeline project delays and low oil prices; output of construction products and flat products decreased by 14.7% and 25.7% respectively amid lower demand.
  • Output of coking coal concentrate decreased by 3.8% QoQ, as less coking coal was mined at the Raspadskaya mine due to longwall repositioning in Q3 2016.