18 Oct 2012 10:17

Evraz reduced Q3 steel output 3% to 3.9 mln tonnes

MOSCOW. Oct 18 (Interfax) - Evraz plc reduced crude steel production 3% in Q3 2012 compared with the previous quarter to 3.909 million tonnes, the company said in a statement.

Output fell mainly due to lower production at EVRAZ Vitkovice Steel in the Czech Republic and EVRAZ Highveld in South Africa.

Production fell 2.9% year-on-year.

Despite reduced crude steel output total production volumes of steel products increased by 1.8% quarter-on-quarter to 3.685 million tonnes, mostly due to greater use of purchased third parties slabs. Product output fell 1.1% year-on-year.

Coking coal production increased by 20% and steam coal production by 27% compared to Q2 2012 in the absence of any longwall repositionings at the coal mines.