Evraz Q3 RUSSIA and KAZAKHSTAN production update
Evarz announced that saleable coke volumes increased by 50.8% quarter-on-quarter due to better market conditions. In Q3 2017, production of crude steel and steel products (net of re-rolled volumes) increased slightly quarter-on-quarter (up 0.7% and 2.3%, respectively) as output in Q2 2017 was impacted by capital repairs at EVRAZ ZSMK’s oxygen steelmaking converter no. 5.
The increase in steel product volumes was primarily caused by higher output of semi-finished products (up 4.8% quarter-on-quarter) and the growth of construction products output (up 4.5% quarter-on- quarter), reflecting improved market conditions.
Production of railway products was down by 8.5% quarter-on-quarter amid capital repairs of the rail mill at EVRAZ ZSMK in August.
Overall, steel selling prices in Q3 2017 followed positive trends according to global benchmarks.
In Q4 2017, we expect output of pig iron and crude steel to increase slightly quarter on quarter as no significant repairs are planned.