Russian mining and
steelmaking company
Evraz Group has announced its
production results for the first quarter of the current year, stating that its
crude steel production increased by 1.4 percent to 3.91 million mt compared to the same quarter of the previous year. In the first quarter this year, the company's pig iron
production decreased by 0.4 percent to 3.13 million mt, finished steel
production declined by 1.1 percent to 2.2 million mt and coke
production contracted by 6.2 percent to 285,000 mt, all year on year.
Evraz said that the decline in
production volumes was due to the lower demand and increased competition for construction products in
Russia and for flat rolled products in North America.
According to the company's statement, in the first quarter of the current year,
production of
iron ore products (sinter and pellets) in
Russia increased by three percent quarter on quarter after completion of maintenance works at one of
EVRAZ ZSMK's sintering machines in November 2014. The slight decline of two percent in pellet
production by
EVRAZ KGOK is attributable to fewer working days in the quarter. The share of
EVRAZ's own concentrate in
production of sinter and pellets in
Russia remained unchanged at 79 percent.