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Evraz increased steel output.

Evraz increased the 2013 output 1.1% to reach 16.109mln ton from 15.933mln ton prior year due to the rise in the production level in Russia, Ukraine and South Africa, the company informed.

The steel output added 1.73% to come to 15.972mln ton from 15.7mln ton; pig iron - 4.34% to 12.553mln ton from 12.031mln ton.

The ore products output moved down 1% due to the restructuring within which EVRA VGOK and several branches were sold. The consolidated output of the coke increased 22% on the growth of the coal extraction at Yuzhkuzbassugol and Raspadskaya.

Evraz Group S.A. is the largest vertically-integrated metallurgic and mining company. It involves three leading steel-making entities (Nizhnetagilsky, Zapadno-Sibirsky, Nizhnekuznetsky) and Evraz Palini e Bertoli (Italy), Evraz Vitkovice Steel (Czechia), Evraz Inc. NA (USA and Canada), ore assets in Ukraine, Highveld Steel and Vanadium Corporation (South Africa).

The 2011 net profit (IAS) tumbled 3.6% to $453mln from $470mln; revenues moved up 22.4% to $16.4bn from $13.394bn.

"AK&M", 20.01.2014


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