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Evraz's Q3 crude steel production rises QOQ as plant repairs complete

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Evraz's Q3 crude steel production rises QOQ as plant repairs complete

Evraz Plc's consolidated crude steel output in the third quarter increased 5.9% quarter over quarter to 3.5 million tonnes.

The gain was achieved mainly following the completion of capital repairs at EVRAZ DMZ's oxygen-converter plant and the ramp-up of EVRAZ Regina after the planned outage in the second quarter.

Production of steel products, net of rerolled volumes, increased 4.4% to 3.1 million tonnes in the quarter on the back of increased output of semifinished products after completion of repairs at EVRAZ ZSMK and EVRAZ DMZ.

Output of iron ore products dropped 7.5% over the prior quarter to 4.2 million tonnes due to the disposal of EVRAZ Sukha Balka in June.

Coking coal concentrate production rose 5.6% quarter over quarter to 3.8 million tonnes because of higher production at EVRAZ ZSMK's coal washing plant.

Production of salable vanadium in final products improved 4% on a quarterly basis to 2,745 tonnes.

In the first nine months of the year, Evraz's crude steel output increased 3.6% to 10.5 million tonnes and steel products, net of rerolled volumes, improved 2.2% to 9.3 million tonnes, on a yearly basis.

Output of iron ore products fell 8.1% to 13.7 million tonnes in the period, while coking coal concentrate production was up 1.5% to 11 million tonnes.

Salable vanadium products output in the nine months dropped 11.9% year over year to 8,677 tonnes.