Russia’s leading steel producer, EVRAZ Group, saw a significant decline in its steel sales volume in the third quarter of CY’21 (Jul-Sept’21), the company’s recent press release showed. Crude steel production also declined slightly in this quarter.
Q3 highlights:
Steel sales decrease q-o-q
The company’s steel sales volumes fell by 8.2% in Q3CY’21 to 2.9 million tonnes (mn t), primarily due to slowdown of Russian construction products market accompanied by lower sales of railway and semi-finished products because of logistics restrictions and detentions in ports amidst inclement weather.
- Finished steel sales dropped 9.1% q-o-q to 1.64 mn t.
- Semi-finished steel sales fell by 7.2% q-o-q to 1.33 mn t.
Crude steel output marginally up
Crude steel production increased marginally by 1% q-o-q to 3.4 mn t in Q3CY’21, mainly due to larger production volumes at EVRAZ North America. Production from its Russian facilities decreased slightly q-o-q amidst scheduled capital repairs.
EVRAZ Russia’s pig iron output flat
Pig iron production at EVRAZ’s Russia-based facilities remained flat q-o-q at 2.71 mn t.
Performance in Jan-Sept’21
- Steel sales decreased by 3.8% y-o-y to 9.28 mn t. Finished steel sales stood at 5 mn t, semi-finished sales at 4.1 mn t.
- Crude steel production moved up marginally by 0.2% y-o-y to 10.18 mn t.
- Pig iron production from Russian units was recorded at 8.11 mn t, down 2.3% y-o-y.
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