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Evraz steel, iron-ore product sales fall in Q1 as quarterly production slips
StockMarketWire.com
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Mining company Evraz reported a fall in steel, iron-ore product sales in the first quarter of the year, as output fell owing to unscheduled maintenance.
Total sales of steel products dropped by 9.9% quarter-on-quarter, driven primarily by lower sales of semi-finished products amid reduced steel availability, the company said.
Consolidated crude steel output fell by 1.7% quarter-on-quarter, owing to 'unscheduled downtime of the sintering machine at EVRAZ ZSMK,' it added.
Total raw coking coal production climbed by 7.8% quarter-on-quarter, with coal concentrate production up 3.6%.
External sales of iron ore products fell by 30.1% quarter-on-quarter, external sales of vanadium products fell by 19.7%.
At 8:04am: (LON:EVR) Evraz PLC share price was 0p at 370.4p
Story provided by StockMarketWire.com
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