Evraz reduces steel production 9.9% to 3.2 mln tonnes in Q2
MOSCOW. July 19 (Interfax) - Evraz reduced steel production by 9.9% quarter-on-quarter to 3.196 million tonnes in the second quarter of 2016, the Russian steel and mining company said.
The reduction of steel production is attributable to the scheduled capital repairs at blast furnace N1 at Evraz ZSMK.
"Production of steel products, net of re-rolled volumes, decreased [13.2%]quarter-on-quarter to 2.9 million tonnes, due to planned capital repairs at blast furnace 1 at EVRAZ ZSMK and a higher share of intragroup re-rolled volumes at EVRAZ North America," the statement said.
The production of finished products in the reporting period rose by 0.4% to 1.874 million tonnes. The production of semi-finished products fell 30.9% to 997,000 tonnes, which happened due to the rise in demand for construction products in Ukraine and Russia.
Evraz production highlights, '000 tonnes:
| Q2 2016 | Q2 2016/Q1 2016 | H1 2016 | H1 2016/H1 2015 | |
| Coke (saleable) | 290 | 77,3% | 454 | -20,5% |
| Pig iron (saleable) | 44 | -69,2% | 188 | -20% |
| Crude steel | 3 196 | -9,9% | 6 744 | -7,6% |
| Steel products, net of re-rolled volumes | 2 871 | -13,2% | 6 179 | -8% |
| Semi-finished products | 997 | -30,9% | 2 439 | -1,6% |
| Finished products | 1 874 | 0,4% | 3 740 | -11,7% |
| - Construction products | 1 110 | 15,1% | 2 075 | -10,2% |
| - Railway products | 343 | -15,7% | 749 | -8,9% |
| - Flat-rolled products | 169 | 11% | 321 | -14,1% |
| - Tubular products | 120 | -37,8% | 314 | -25,3% |
| Other steel products | 132 | -12,1% | 282 | -9,2% |
| Raw coking coal (mined) | 5 503 | -0,2% | 11 016 | 17,9% |
| Coal concentrate | 3 707 | 3,3% | 7 297 | 12,2% |
| Vanadium (saleable) | 3 263 | -2,4% | 6 606 | -22% |
Steel production in Russia and Kazakhstan in Q2 fell by 10% quarter-on-quarter to 2.579 million tonnes. The production of steel products, with account of re-rolled products, fell 10.1% to 2.371 million tonnes.
Steel production at Evraz's North American division fell 21.2% in April-June to 326,000 tonnes. The production of steel products fell 22.1% to 412,000 tonnes.
Steel production in Ukraine rose 8.4% in the reporting period and amounted to 291,000 tonnes, steel products rose 4.6% to 232,000 tonnes.
