Date: Oct 26, 2018
EVRAZ plc (LON:EVR) today announced its trading update for the third quarter of 2018.
Q3 2018 vs Q2 2018 HIGHLIGHTS:
· In Q3 2018, EVRAZ’ consolidated crude steel output fell by 10.3% QoQ to 3.1 million tonnes, primarily due to lower pig iron production.
· Sales of finished products descended slightly by 1.2%, which was mostly attributable to lower sales volumes of railway products and flat-rolled products. Sales volumes of semi-finished products edged down by 0.7%, primarily due to lower crude steel production.
· Production of raw coking coal climbed by 9.6% QoQ to 5.9 million tonnes due to increased productivity at the Raspadsky open-pit mine.
· Coking coal product sales dropped by 8.3% QoQ, mainly due to logistical limitations amid maintenance works at railroads in Russia.
