Business
EVRAZ Q4 2019 TRADING UPDATE
EVRAZ Q4 2019 TRADING UPDATE.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 3562B Evraz Plc 30 January 2020 \n\nEVRAZ Q4 2019 TRADING UPDATE \n30 January 2020 - EVRAZ plc (LSE: EVR; \"EVRAZ\" or the \"Group\") today released its trading update for the fourth quarter and full year of 2019. \n \n \nQ4 2019 vs Q3 2019 HIGHLIGHTS\n \n· In Q4 2019, EVRAZ' consolidated crude steel output rose by 2.1% QoQ, mainly due to higher production volumes at EVRAZ ZSMK after the scheduled capital repairs during July-August ended.\n· Steel product sales climbed by 6.6% QoQ, driven primarily by semi-finished products, which grew by 17.7%. This, in turn, was mainly a result of higher steel production at EVRAZ ZSMK and seasonally weaker market demand for finished construction products in Russia. In addition, sales of railway products in Russia grew by 17.8% following completion of capital repairs at EVRAZ ZSMK's rail and beam shop in Q3 2019. \n· Total raw coking coal production decreased by 5.3% QoQ due to lower production volumes amid a scheduled longwall move at the Raspadskaya mine in Q4 2019. Coking coal concentrate production dropped by 16.7% QoQ due to softer market demand.\n· External sales volumes of coking coal products fell by 14.9% QoQ due to lower market demand.\n· External sales of iron ore products surged by 68.5% QoQ following the completion of capital repairs of EVRAZ KGOK's roasting machines that took place during August and September. \n· Sales of vanadium final products were down by 2.0% QoQ due to lower FeV demand mainly from North American steel producers amid reduced utilisation rates. \n \nFY2019 vs FY2018 HIGHLIGHTS \n \n· In 2019, EVRAZ' consolidated crude steel production climbed by 6.1% YoY, 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).\n· Sales volumes of semi-finished products jumped by 22.8% YoY, primarily due to higher semi-finished product sales from Russia to the export markets amid greater production volumes and...