Russian leading steelplayer EVRAZ Group today announced its Q1 CY’20 trading update. Total steel sales were recorded at 3.23 MnT in Q1 CY20 against 3.6 MnT in previous quarter. Sales of both semi-finished and finished steel products fell against last quarter.
–The company’s consolidated crude steel output for the first quarter increased by 3.2% Q-o-Q to 3.55 MnT, mainly due to completion of capital repairs at EVRAZ NTMK’s converter no. 2, which took place in Q4 2019
— Pig iron production grew by 2.3% Q-o-Q, with a 5.2% Q-o-Q increase in production volumes at EVRAZ NTMK mainly due to the resumption of operations at blast furnace no. 5
— Output of iron ore products rose by 9.7% Q-o-Q, mainly due to completion of capital repairs of roasting machine no. 1 and lower pellet production
— Sales of semi-finished products fell by 15.9% Q-o-Q due to higher than usual sales volumes from Russia at Q4 2019 on the back of good export market conditions
— Sales of finished products dropped by 3.9% Q-o-Q due to seasonal decline in demand in the first quarter of the year in Russia and sale of Palini e Bertoli in CY’19
| EVRAZ OPERATIONAL RESULTS FOR Q1 CY’20 | |||||
| Production | Q1 CY’20 | Q4 CY’19 | Change Q-o-Q | Q1 CY’19 | Change Y-o-Y |
| Total Crude Steel Production | 3,559 | 3,449 | 3.2% | 3,488 | 2% |
| Iron Ore Products | 3,595 | 3,277 | 9.7% | 3,636 | -1.1% |
| Coking Coal Concentrate | 3,747 | 3,537 | 5.9% | 3,684 | 1.7% |
| Total Steel Sales | 3,227 | 3,603 | -10.4% | 3,135 | 2.9% |
| Semi-finished Products | 1,437 | 1,697 | -15.3% | 1,335 | 7.6% |
| Finished Products | 1,790 | 1,906 | -6.1% | 1,800 | -0.6% |
| Iron ore products’ Sales | 355 | 273 | 30% | 1,176 | -34.9% |
Fig in ‘000 MT
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