Stock Market News
Evraz reports higher steel product output
Shares in Evraz jumped after the steelmaker reported that consolidated crude steel output was at 3.5m tonnes during the final three months of 2017, unchanged from the prior quarter.
Production of steel products, net of re-rolled products on the other hand, was 5.7% higher on the quarter at 3.3m tonnes, following repairs to blast furnace number two at its ZSMK mill.
Volumes of semi-finished products increased at its Russian steel mills as did output of railway products, the company said in a statement, with the latter recovering from the repairs conducted at ZSMK's rail mill in the third quarter.
In North America meanwhile, output of crude steel and steel products was unchanged from the prior quarter.
Coaking coal output was mixed, the company added, with production of raw coaking coal declining, mainly as a result of scheduled longwall repositioning at the Alardinskaya and Uskovskaya mines.
However, output of coking coal concentrate rose by 7.8% on the quarter on the back of greater market demand, better washing plants performance and debottlenecking of logistics capacities.
Production of steel products, net of re-rolled products on the other hand, was 5.7% higher on the quarter at 3.3m tonnes, following repairs to blast furnace number two at its ZSMK mill.
Volumes of semi-finished products increased at its Russian steel mills as did output of railway products, the company said in a statement, with the latter recovering from the repairs conducted at ZSMK's rail mill in the third quarter.
In North America meanwhile, output of crude steel and steel products was unchanged from the prior quarter.
Coaking coal output was mixed, the company added, with production of raw coaking coal declining, mainly as a result of scheduled longwall repositioning at the Alardinskaya and Uskovskaya mines.
However, output of coking coal concentrate rose by 7.8% on the quarter on the back of greater market demand, better washing plants performance and debottlenecking of logistics capacities.
Related share prices |
---|
Evraz (EVR) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price