EVRAZ Reports Increase in Crude Steel Output by 6.1% Y-o-Y in CY19
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Russian steelmaking company EVRAZ today released its trading update for Q4 and entire year CY19. Company's consolidated crude steel production increased by 6.1% Y-o-Y to 13.81 MnT as against 13.01 MnT in CY18. This was mainly due to higher production volumes of pig iron at EVRAZ ZSMK as the blast furnace no.3 underwent a lengthier and more complex process of capital repair in 2018 (category II) vs the blast furnace no.1 in 2019 (category III).
The total sales volumes of steel products jumped by 10.4% Y-o-Y in CY19. Sales volumes of semi-finished products jumped by 22.8% Y-o-Y, primarily due to higher semifinished product sales from Russia to the export markets amid greater production volumes and a sharp increase of slab sales in North America amid greater demand from customers.
In Q4 CY19, EVRAZ' consolidated crude steel output rose by 2.1% Q-o-Q, mainly due to higher production volumes at EVRAZ ZSMK after the scheduled capital repairs during July-August ended.
Steel product sales climbed by 6.6% Q-o-Q, driven primarily by semi-finished products, which grew by 17.7%. This, in turn, was mainly a result of higher steel production at EVRAZ ZSMKand seasonally weaker market demand for finished construction products in Russia.
| EVRAZ Trading Update For Q4 and 12M CY19 | ||||||
| Product | Q4 2019 | Q3 2019 | Change (%) | 12m CY19 | 12m CY18 | Change (%) |
| Total crude steel production | 3,449 | 3,379 | 2.1% | 13,814 | 13,019 | 6.1% |
| Iron ore products production | 3,277 | 3,319 | -1.3% | 13,765 | 13,515 | 1.8% |
| Total sales of steel products | 3,609 | 3,386 | 6.6% | 13,502 | 12,235 | 10.4% |
| Semi-finished | 1,699 | 1,443 | 17.7% | 5,844 | 4,760 | 22.8% |
| Finished | 1,910 | 1,943 | -1.7% | 7,658 | 7,475 | 2.4% |
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Source: Company reports
