Business
EVRAZ Q4 and FY 2013 production results
EVRAZ Q4 and FY 2013 production results.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 9147X Evraz Plc 17 January 2014 \n \n\nEVRAZ Q4 2013 and FY2013 PRODUCTION REPORT \n17 January 2014 - EVRAZ plc (LSE: EVR) today releases its operational results for the fourth quarter of 2013 and full year of 2013.\n \nFY 2013 OPERATIONAL HIGHLIGHTS:\n \n· Consolidated crude steel production and gross output of steel products increased by 1% and 2% respectively, despite suspensions in Europe and North America with Russian, Ukrainian and South African operations contributing to the overall growth \n· EVRAZ NTMK implemented the PCI project allowing for the sustainable reduction of operating costs\n· Production at EVRAZ ZSMK rail mill recommenced following the successful completion of the major modernisation project and the Company obtained all necessary approvals for commercial production of head-hardened rails\n· EVRAZ suspended operations at EVRAZ Claymont and EVRAZ Palini e Bertoli as part of the group wide optimisation plan\n· Production of saleable iron ore products decreased by 1% in 2013 as a result of the ongoing restructuring programme within the iron ore business which resulted in the disposal of EVRAZ VGOK and certain mines of Evrazruda\n· The coking coal business of the Group increased the output of of raw coking coal in 2013 by 22% (on a pro-forma basis) with both key assets Yuzhkuzbassugol and the Raspadskaya coal company contributing significantly to the growth\n· EVRAZ commissioned a new coking coal mine - Yerunakovskaya VIII, which will be a large scale and low cost operation \n· EVRAZ continued the integration of the Raspaskaya coal company following its acquisition in January 2013\n· Although underlying demand for most steel product groups in Russia and North America was strong, average selling prices for all key product groups continued to soften over the year in line with global benchmarks \n \nQ4 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS:\n\n· Consolidated crude steel production was broadly flat in Q4 2013 vs. Q3 2013 \n· Output of gross steel products remained unchanged vs. Q3 2013 supported by export demand for Russian made semi-...