Business
Q4 and FY 2015 production report
Q4 and FY 2015 production report.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 3100M Evraz Plc 19 January 2016 \n\nEVRAZ Q4 and FY 2015 PRODUCTION REPORT\n19 January 2016 - EVRAZ plc (LSE: EVR) (\"EVRAZ\" or the \"Company\") today releases its operational results for the fourth quarter and full year of 2015.\n \n \nQ4 2015 vs Q3 2015 HIGHLIGHTS:\n\n\n\n\n\n· Consolidated crude steel output increased by 2% to 3.6 million tonnes, following completion of maintenance works at EVRAZ Pueblo (USA) and DMZ (Ukraine) steel mills. \n\n\n\n\n· Production of steel products, net of re-rolled volumes, improved by 5%, mostly due to better performance in Ukraine.\n\n\n\n\n· Higher share of semi-finished steel products in consolidated volumes of 45% in Q4 2015 vs. 32% in Q3 2015 is due to seasonal slowdown in demand for finished, construction and railway, products in Russia.\n\n\n\n\n· Production of railway products rose 11% as a result of a return to a normalised level at EVRAZ Pueblo rail mill following maintenance works.\n· Production of tubular products increased 3% as a result of higher production at the Portland large diameter pipe mill in the USA.\n\n\n\n\n· Consolidated raw coking coal output increased by 12% on completion of longwall moves at Yuzhkuzbassugol mines. Production of coking coal concentrate declined by 6% driven by softer demand from Russian steelmakers. \n\n\n\n\n\n\n\n\n\nFY 2015 vs FY 2014 HIGHLIGHTS:\n \n\n\n\n\n· In 2015, the Company produced 14.3 million tonnes of crude steel, a 8% decrease over 2014, partially due to deconsolidation of EVRAZ Highveld Steel and Vanadium (\"Highveld\") in South Africa. \n· Without Highveld, the decrease in crude steel production would be 5%, with the worsening market conditions in the key markets as the main driver of the decline in crude steel and steel products output.\n\n\n\n\n· Production of steel products, net of re-rolled volumes, was 6% down (-4% without Highveld).\n\n\n\n\n· The share of finished steel products in consolidated volumes has been decreasing over the year from 6...