logo-loader
RNS
viewEvraz PLC

EVRAZ Q3 2019 TRADING UPDATE

/**/ sup{font-size:80%}h1{margin-top:24.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:14.0pt;font-family:"Calibri","sans-serif";color:#365F91;font-weight:bold;}h2{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:13.0pt;font-family:"Calibri","sans-serif";color:#4F81BD;font-weight:bold;}h3{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";color:#4F81BD;font-weight:bold;}h4{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";color:#4F81BD;font-weight:bold;font-div:italic;}h5{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";color:#243F60;font-weight:normal;}h6{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";color:#243F60;font-weight:normal;font-div:italic;}em{font-weight:bold;font-div:normal;}p{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;} link{ color: blue }visited{ color: purple } .bl{size:595.0pt 842.0pt;margin:155.95pt 2.0cm 21.25pt 3.0cm;}div.bl{}p.nw{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold}span.nu{font-family:"Arial","sans-serif"}p.nx{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-top:12.0pt;text-align:justify;text-justify: inter-ideograph;text-autospace:none}span.ns{font-size:10.0pt; font-family:"Arial","sans-serif"}span.nr{font-size:10.0pt;font-family:"Arial","sans-serif"}span.np{font-size:10.0pt;font-family: "Arial","sans-serif"}p.ny{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; text-align: justify; text-justify: inter-ideograph}span.no{font-size:10.0pt;font-family:"Arial","sans-serif";color:red} p.nz{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; page-break-after: avoid; text-align: justify; text-justify: inter-ideograph}span.nm{font-family:"Arial","sans-serif"; color:#C00000}span.nk{font-size:10.0pt;font-family:"Arial","sans-serif";color:black}p.oa{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-top:0cm;margin-right:0cm;margin-bottom:6.0pt; margin-left:17.85pt;text-align:justify;text-justify:inter-ideograph;text-indent: -17.85pt}span.nj{font-size:10.0pt;font-family:Symbol;color:black}span.ng{font-size:12.0pt;font-family:"Cambria","serif"}br.nh{page-break-before:always}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";}span.nf{font-size:10.0pt;font-family:Symbol}table.ob{margin-left:-5.4pt;border-collapse:collapse} tr.mw{height:40.3pt}td.nd{width:36.5%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.3pt}span.ne{font-size:9.0pt;font-family:"Arial","sans-serif"; color:black}td.na{width:9.54%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.3pt}p.oc{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; text-align: center}span.nc{font-size:9.0pt;font-family:"Arial","sans-serif";color:black}td.mz{width:11.08%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.3pt}td.my{width:10.74%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.3pt}td.mx{width:11.86%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.3pt}tr.mp{height:15.0pt} td.mv{width:36.5%;padding:0cm 5.4pt 0cm 5.4pt; height:15.0pt}td.mt{width:9.54%;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt}p.od{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; text-align: right}td.ms{width:11.08%;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt}td.mr{width:10.74%;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt}td.mq{width:11.86%;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt}p.oe{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-indent:9.0pt}span.mo{font-size:9.0pt; font-family:"Arial","sans-serif";color:black}p.of{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-align: right}p.og{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-align: center} tr.mf{height:15.75pt}td.mk{width:36.5%;padding:0cm 5.4pt 0cm 5.4pt; height:15.75pt}td.mj{width:9.54%;padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.mi{width:11.08%;padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.mh{width:10.74%;padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.mg{width:11.86%;padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.me{width:36.5%;border:none; border-bottom:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.md{width:9.54%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.mc{width:11.08%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}td.mb{width:10.74%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt} td.ma{width:11.86%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.75pt}p.oh{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; text-align: justify; text-justify: inter-ideograph}span.ly{font-size:8.0pt;font-family:"Arial","sans-serif"}p.oi{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-align:justify;text-justify:inter-ideograph}p.oj{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; margin-top: 6.0pt; text-align: justify; text-justify: inter-ideograph}span.lv{font-family:"Arial","sans-serif";font-variant: small-caps}p.ok{margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;text-justify:inter-ideograph; text-indent:-18.0pt}p.ol{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-top:6.0pt;text-align:justify;text-justify: inter-ideograph}span.lr{font-size:9.0pt;font-family:"Arial","sans-serif"; font-variant:small-caps;color:red}span.lq{font-size:9.0pt;font-family:"Arial","sans-serif"; font-variant:small-caps} span.lp{font-size:7.0pt;font-family:"Arial","sans-serif";font-variant:small-caps}tr.li{height:41.0pt}td.lo{width:47.28%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}td.ln{width:7.1%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}td.lm{width:10.9%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}td.ll{width:8.66%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}td.lk{width:8.72%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}td.lj{width:10.24%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.0pt}tr.lb{height:15.2pt}td.lh{width:47.28%;padding:0cm 5.4pt 0cm 5.4pt; height:15.2pt} td.lg{width:7.1%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.lf{width:10.9%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.le{width:8.66%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:15.2pt}td.ld{width:8.72%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:15.2pt}td.lc{width:10.24%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}p.om{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-left:8.55pt}span.la{font-size:9.0pt; font-family:"Arial","sans-serif"}td.ky{width:8.66%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.kx{width:8.72%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}p.on{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-indent:7.1pt} tr.ko{height:11.55pt}td.kv{width:47.28%;padding:0cm 5.4pt 0cm 5.4pt; height:11.55pt}td.kt{width:7.1%;padding:0cm 5.4pt 0cm 5.4pt;height:11.55pt}span.ku{font-size:9.0pt;font-family:"Arial","sans-serif"}td.ks{width:10.9%;padding:0cm 5.4pt 0cm 5.4pt;height:11.55pt}td.kr{width:8.66%;padding:0cm 5.4pt 0cm 5.4pt;height:11.55pt}td.kq{width:8.72%;padding:0cm 5.4pt 0cm 5.4pt;height:11.55pt}td.kp{width:10.24%;padding:0cm 5.4pt 0cm 5.4pt;height:11.55pt}tr.kh{height:14.55pt}td.kn{width:47.28%;padding:0cm 5.4pt 0cm 5.4pt; height:14.55pt} td.km{width:7.1%;padding:0cm 5.4pt 0cm 5.4pt;height:14.55pt}td.kl{width:10.9%;padding:0cm 5.4pt 0cm 5.4pt;height:14.55pt}td.kk{width:8.66%;padding:0cm 5.4pt 0cm 5.4pt;height:14.55pt}td.kj{width:8.72%;padding:0cm 5.4pt 0cm 5.4pt;height:14.55pt}td.ki{width:10.24%;padding:0cm 5.4pt 0cm 5.4pt;height:14.55pt}tr.ka{height:14.05pt}td.kg{width:47.28%;padding:0cm 5.4pt 0cm 5.4pt; height:14.05pt}td.kf{width:7.1%;padding:0cm 5.4pt 0cm 5.4pt;height:14.05pt}td.ke{width:10.9%;padding:0cm 5.4pt 0cm 5.4pt;height:14.05pt}td.kd{width:8.66%;padding:0cm 5.4pt 0cm 5.4pt;height:14.05pt} td.kc{width:8.72%;padding:0cm 5.4pt 0cm 5.4pt;height:14.05pt}td.kb{width:10.24%;padding:0cm 5.4pt 0cm 5.4pt;height:14.05pt}tr.jt{height:16.0pt}td.jz{width:47.28%;padding:0cm 5.4pt 0cm 5.4pt; height:16.0pt}td.jy{width:7.1%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jx{width:10.9%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jw{width:8.66%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jv{width:8.72%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.ju{width:10.24%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.js{width:47.28%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt} td.jr{width:7.1%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jq{width:10.9%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jp{width:8.66%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jo{width:8.72%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.jn{width:10.24%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}p.oo{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-left:14.2pt;text-align:justify;text-justify: inter-ideograph;text-indent:-14.2pt}span.jm{font-size:8.0pt; font-family:"Arial","sans-serif"}span.jl{font-size: 8.0pt;font-family:"Arial","sans-serif"}p.op{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; margin-left: 14.2pt; text-align: justify; text-indent: -14.2pt; text-justify: inter-ideograph}p.oq{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";margin-bottom:6.0pt;text-align:justify;text-justify: inter-ideograph} span.ji{font-size: 10.0pt;font-family:"Arial","sans-serif"}span.jg{font-size:10.0pt;font-family:"Arial","sans-serif"; color:black}span.jf{color:black}tr.iu{height:36.85pt}td.jc{width:39.62%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}p.or{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; page-break-after: avoid}span.je{font-size: 9.0pt;font-family:"Arial","sans-serif"}td.ja{width:10.58%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}p.os{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; page-break-after: avoid; text-align: center}td.iz{width:9.86%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt} td.iy{width:11.36%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}td.ix{width:7.96%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}td.iw{width:8.38%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}td.iv{width:12.24%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:36.85pt}tr.ik{height:14.9pt}td.is{width:39.62%;padding:0cm 5.4pt 0cm 5.4pt; height:14.9pt}span.it{font-size: 9.0pt;font-family:"Arial","sans-serif";color:black}td.iq{width:10.58%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}p.ot{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; page-break-after: avoid; text-align: right}td.ip{width:9.86%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt} td.io{width:11.36%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}td.in{width:7.96%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}td.im{width:8.38%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}td.il{width:12.24%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}p.ou{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";}p.ov{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";page-break-after: avoid; text-align: right}td.ih{width:39.62%;padding:0cm 5.4pt 0cm 5.4pt;height:14.9pt}p.ow{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-indent:7.1pt;}tr.hy{height:15.65pt}td.if{width:39.62%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt} td.ie{width:10.58%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}td.id{width:9.86%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}td.ic{width:11.36%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}td.ib{width:7.96%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}td.ia{width:8.38%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}td.hz{width:12.24%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.65pt}span.hx{font-size: 10.0pt;font-family:"Arial","sans-serif";color:black}table.ox{width:453.3pt;margin-left:-5.4pt;border-collapse:collapse}tr.hq{height:37.6pt}td.hw{width:32.96%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt} td.hv{width:13.2%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt}td.hu{width:8.98%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt}td.ht{width:12.34%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt}td.hs{width:10.38%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt}td.hr{width:11.78%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.6pt}td.hp{width:32.96%;padding:0cm 5.4pt 0cm 5.4pt; height:15.2pt}td.ho{width:13.2%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hn{width:8.98%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hm{width:12.34%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hl{width:10.38%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt} td.hk{width:11.78%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hj{width:32.96%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hi{width:13.2%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hh{width:8.98%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hg{width:12.34%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.hf{width:10.38%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.he{width:11.78%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}tr.gx{height:37.55pt}td.hc{width:61.56%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.55pt}td.hb{width:8.56%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.55pt} td.ha{width:9.96%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.55pt}td.gz{width:12.0%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.55pt}td.gy{width:7.92%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:37.55pt}td.gw{width:61.56%;padding:0cm 5.4pt 0cm 5.4pt; height:15.2pt}td.gv{width:8.56%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.gu{width:9.96%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.gt{width:12.0%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.gs{width:7.92%;padding:0cm 5.4pt 0cm 5.4pt;height:15.2pt}td.gr{width:61.56%;padding:0cm 5.4pt 0cm 5.4pt; height:16.0pt}td.gq{width:8.56%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt} td.gp{width:9.96%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.go{width:12.0%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gn{width:7.92%;padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gm{width:61.56%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gl{width:8.56%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gk{width:9.96%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gj{width:12.0%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}td.gi{width:7.92%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.0pt}span.gh{font-size:12.0pt;font-family:"Arial","sans-serif";color:#C00000}span.gg{font-family:"Arial","sans-serif";color:#C00000} tr.ga{height:38.25pt}td.gf{width:37.58%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:38.25pt}td.ge{width:9.18%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:38.25pt}td.gd{width:13.9%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:38.25pt}td.gc{width:8.02%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:38.25pt}td.gb{width:12.96%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:38.25pt}tr.fu{height:15.45pt}td.fz{width:37.58%;padding:0cm 5.4pt 0cm 5.4pt; height:15.45pt}td.fy{width:9.18%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fx{width:13.9%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt} td.fw{width:8.02%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fv{width:12.96%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:15.45pt}td.ft{width:37.58%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fs{width:12.96%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}tr.fm{height:16.3pt}td.fr{width:37.58%;padding:0cm 5.4pt 0cm 5.4pt; height:16.3pt}td.fq{width:9.18%;padding:0cm 5.4pt 0cm 5.4pt;height:16.3pt}td.fp{width:13.9%;padding:0cm 5.4pt 0cm 5.4pt;height:16.3pt}td.fo{width:8.02%;padding:0cm 5.4pt 0cm 5.4pt;height:16.3pt}td.fn{width:12.96%;padding:0cm 5.4pt 0cm 5.4pt;height:16.3pt} td.fl{width:37.58%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fk{width:9.18%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fj{width:13.9%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fi{width:8.02%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.fh{width:12.96%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}table.oy{width:447.6pt;border-collapse:collapse}tr.fc{height:40.6pt}td.fg{width:242.35pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.6pt}td.ff{width:43.1pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.6pt}td.fe{width:21.9pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.6pt} td.fd{width:43.15pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:40.6pt}tr.ew{height:16.45pt}td.fa{width:242.35pt;padding:0cm 5.4pt 0cm 5.4pt; height:16.45pt}p.oz{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-align:justify;text-justify:inter-ideograph; text-indent:1.6pt}td.ez{width:43.1pt;padding:0cm 5.4pt 0cm 5.4pt;height:16.45pt}td.ey{width:21.9pt;padding:0cm 5.4pt 0cm 5.4pt;height:16.45pt}td.ex{width:43.15pt;padding:0cm 5.4pt 0cm 5.4pt;height:16.45pt}tr.er{height:17.25pt}td.ev{width:242.35pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.25pt}td.eu{width:43.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.25pt} td.et{width:21.9pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.25pt}td.es{width:43.15pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.25pt}span.ep{font-size:10.0pt;font-family:"Arial","sans-serif"; color:red}span.eo{color:red}tr.ei{height:41.4pt}td.en{width:39.8%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.4pt}td.em{width:10.04%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.4pt}td.el{width:11.48%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.4pt}td.ek{width:8.62%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.4pt}td.ej{width:11.4%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.4pt} tr.eb{height:15.3pt}td.eh{width:39.8%;padding:0cm 5.4pt 0cm 5.4pt; height:15.3pt}td.eg{width:10.04%;padding:0cm 5.4pt 0cm 5.4pt;height:15.3pt}td.ee{width:11.48%;padding:0cm 5.4pt 0cm 5.4pt;height:15.3pt}p.pa{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; font-weight: bold; page-break-after: avoid; text-align: right}td.ed{width:8.62%;padding:0cm 5.4pt 0cm 5.4pt;height:15.3pt}td.ec{width:11.4%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:15.3pt}p.pb{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; page-break-after: avoid; text-indent: 9.0pt}p.pc{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; page-break-after: avoid; text-align: right}td.dy{width:11.4%;padding:0cm 5.4pt 0cm 5.4pt;height:15.3pt} p.pd{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; margin-left: 8.55pt; page-break-after: avoid; text-indent: .2pt}tr.dr{height:16.05pt}td.dw{width:39.8%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.05pt}td.dv{width:10.04%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.05pt}td.du{width:11.48%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.05pt}td.dt{width:8.62%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.05pt}td.ds{width:11.4%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.05pt}tr.dm{height:41.85pt}td.dq{width:37.82%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.85pt}td.dp{width:9.9%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.85pt} td.do{width:11.3%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.85pt}td.dn{width:11.28%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:41.85pt}td.dl{width:37.82%;padding:0cm 5.4pt 0cm 5.4pt; height:15.45pt}td.dk{width:9.9%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.dj{width:11.3%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.di{width:11.28%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:15.45pt}td.dh{width:11.28%;padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}p.pe{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; page-break-after: avoid}td.df{width:37.82%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.de{width:9.9%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt} td.dd{width:11.3%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}td.dc{width:11.28%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:15.45pt}tr.cw{height:16.25pt}td.da{width:37.82%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.25pt}p.pf{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-div: italic; page-break-after: avoid; text-indent: 8.75pt}td.cz{width:9.9%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.25pt}td.cy{width:11.3%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.25pt}td.cx{width:11.28%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.25pt}span.cv{font-size:9.5pt;font-family:"Arial","sans-serif"}tr.cq{height:45.2pt} td.cu{width:37.84%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:45.2pt}td.ct{width:9.9%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:45.2pt}td.cs{width:11.3%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid black 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:45.2pt}td.cr{width:11.26%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:45.2pt}tr.cl{height:16.7pt}td.cp{width:37.84%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.7pt}td.co{width:9.9%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.7pt}td.cn{width:11.3%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.7pt}td.cm{width:11.26%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:16.7pt}table.pg{width:453.15pt;margin-left:-5.4pt;border-collapse:collapse} tr.cg{height:17.9pt}td.ck{width:49.04%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.cj{width:12.8%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.ci{width:12.72%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.ch{width:12.64%;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.ce{width:49.04%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:17.9pt}p.ph{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-indent:1.6pt;}td.cd{width:12.8%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:17.9pt}td.cc{width:12.72%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:17.9pt}td.cb{width:12.64%;border:none;padding:0cm 5.4pt 0cm 5.4pt; height:17.9pt} td.ca{width:49.04%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.bz{width:12.8%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.by{width:12.72%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}td.bx{width:12.64%;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.9pt}span.bv{font-family:"Arial","sans-serif";color:red}span.bu{font-size:9.0pt;font-family:"Arial","sans-serif"; color:red}span.bt{font-size:9.0pt;font-family:"Arial","sans-serif";color:red}p.pi{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; punctuation-wrap: simple; text-autospace: none; vertical-align: baseline}p.pj{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";font-weight: bold; page-break-after: avoid; punctuation-wrap: simple; text-autospace: none; vertical-align: baseline}p.pk{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif"; text-autospace:none;vertical-align:baseline} p.pl{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Cambria","serif";text-autospace:none; vertical-align:baseline}span.bo{font-size:9.0pt;font-family: "Arial","sans-serif";color:windowtext;text-decoration:none}p.pm{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;text-indent:17.0pt;line-height:12.0pt;font-size:10.0pt;font-family:"Franklin Gothic Book","sans-serif";text-align:justify;text-justify:inter-ideograph; text-indent:0cm}span.bn{font-size:8.0pt;font-family:"Arial","sans-serif"; color:gray} /**/
RNS Number : 8792R
Evraz Plc
01 November 2019
 

EVRAZ Q3 2019 TRADING UPDATE

1 November 2019 - EVRAZ plc (LSE: EVR; "EVRAZ" or the "Group") today released its trading update for the third quarter of 2019.

 

 

Q3 2019 vs Q2 2019 HIGHLIGHTS

 

·     In Q3 2019, EVRAZ' consolidated crude steel output decreased by 3.4% QoQ, mainly due to lower production volumes at EVRAZ ZSMK amid scheduled capital repairs. Production was also impacted by reduced output at EVRAZ' US and Canadian mills following scheduled downtimes and by weaker demand.

·     Total steel product sales remained flat QoQ. Sales of semi-finished products increased by 5.6% QoQ due to better market conditions. This was partly offset by a 3.1% QoQ drop in finished products due to lower sales of flat-rolled products (decreased production at EVRAZ Palini e Bertoli as well as weaker demand from service centres at North America) and railway products (capital repairs at EVRAZ ZSMK and EVRAZ NTMK).

·      Production of raw coking coal decreased by 9.7% QoQ mainly following the decision to reduce production at the Razrez Raspadsky open-pit as a response to substantial accumulated stockpiles of raw coal.

·      External sales volumes of coking coal products remained flat QoQ.

·      External sales of iron ore products descended by 73 kt (31.1%) QoQ as production volumes of pellets were down amid capital repairs at EVRAZ KGOK's roasting machine no. 2. 

·      Sales of final vanadium products rose by 9.8% QoQ, mainly due to increased demand in China. This was a result of robust infrastructure sector development, as well as ferrovanadium re-stocking in the rest of the world due to lower prices.

 

Product, kt

Q3 2019

Q2 2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Total crude steel production

3,380

3,498

-3.4%

10,366

9,917

4.5%

Russia

2,953

3,006

-1.8%

8,945

8,368

6.9%

Ukraine

0

0

n/a

0

154

-100.0%

North America

427

492

-13.2%

1,421

1,395

1.9%

Total raw coking coal mined

6,319

6,996

-9.7%

20,159

17,335

16.3%

Total coking coal concentrate
production

4,244

4,458

-4.8%

12,386

11,967

3.5%

Iron ore products production

3,319

3,533

-6.1%

10,488

10,148

3.4%

Total sales of steel products1

3,385

3,371

0.4%

9,893

9,328

6.1%

   Semi-finished products2,3

1,443

1,367

5.6%

4,146

3,726

11.3%

   Finished products3

1,942

2,004

-3.1%

5,747

5,602

2.6%

Total sales of third-party steel
products3

225

196

14.8%

601

672

-10.6%

Sales of coking coal products

2,953

2,929

0.8%

8,539

8,244

3.6%

Sales of iron ore products2

162

235

-31.1%

861

1,514

-43.1%

Sales of vanadium in slag2

1,693

1,660

2.0%

4,528

4,760

-4.9%

Sales of vanadium final products4

3,585

3,266

9.8%

9,369

9,693

-3.3%

Note. Numbers in this table and the tables below may not add up to totals due to rounding

1 Q3 2019 production and sales volumes of EVRAZ North America are preliminary

2 9m 2018 data has been adjusted

3 Q2 2019 data has been adjusted

4 in tonnes of pure vanadium

 

 

CONFERENCE CALL DETAILS

 

A conference call to discuss the trading update will be held on Friday, 1 November 2019, at:

·      1 pm (London time)

·      4 pm (Moscow time)

·      9 am (New York time)

 

Key speakers:

·      Ilya Shirokobrod, Vice President, Sales and Logistics

·      Alexander Erenburg, Vice President, Head of the Vanadium Division

·      Sergey Stepanov, Vice President, Head of the Coal Division

·      Alexander Vasiliev, Chief Financial Officer, EVRAZ North America

 

To join the call, please dial:

+44 (0)330 336 9125      UK

+7 495 213 1767            Russia

+1 646-828-8193            US

 

Conference ID: 7150635

To avoid any technical inconvenience, it is recommended that participants dial in 10 minutes before the start of the call.

 

The Q3 2019 Trading update presentation will be available on the Group's website, www.evraz.com, on Friday, 1 November 2019, at the following link:

https://www.evraz.com/en/investors/reports-and-results/presentations/#2019

 

 

FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements", which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of the Group's shares or GDRs, financial risk management and the impact of general business and global economic conditions. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and each of EVRAZ and the Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in EVRAZ' or the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Neither the Group, nor any of its agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document.
 

STEEL SEGMENT

 

Total production volumes

Product, kt

Q3 2019

Q2 2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Pig iron production

2,795

2,745

1.8%

8,252

7,645

7.9%

EVRAZ ZSMK

1,516

1,530

-0.9%

4,517

4,105

10.0%

EVRAZ NTMK

1,279

1,215

5.3%

3,735

3,386

10.3%

EVRAZ DMZ

0

0

n/a

0

153

-100.0%

Crude steel production

2,953

3,006

-1.8%

8,945

8,522

5.0%

 EVRAZ ZSMK

1,866

1,942

-3.9%

5,703

5,357

6.5%

EVRAZ NTMK

1,087

1,064

2.2%

3,242

3,011

7.7%

EVRAZ DMZ

0

0

n/a

0

154

-100.0%

Total steel products production, net of re-rolled
volume

2,766

2,759

0.3%

8,147

7,580

7.5%

EVRAZ ZSMK

1,624

1,737

-6.5%

5,047

4,839

4.3%

EVRAZ NTMK

969

844

14.8%

2,607

2,213

17.8%

EVRAZ DMZ

0

0

n/a

0

132

-100.0%

EVRAZ Palini e Bertoli

88

101

-12.9%

286

266

7.5%

EVRAZ Caspian Steel

86

77

11.7%

207

130

59.2%

Iron ore products production

3,319

3,533

-6.1%

10,488

10,148

3.4%

Pellets (EVRAZ KGOK)

1,456

1,573

-7.4%

4,672

4,938

-5.4%

Sinter (EVRAZ KGOK)

883

928

-4.8%

2,709

2,633

2.9%

Concentrate (EVRAZ KGOK, Evrazruda)

980

1,032

-5.0%

3,107

2,577

20.6%

Coking coal concentrate production

511

489

4.5%

1,454

1,538

-5.5%

 From own raw coal1

407

341

19.4%

1,004

922

8.9%

From third-party raw coal

104

148

-29.7%

450

616

-26.9%

Gross vanadium slag production2

4,734

4,533

4.4%

12,675

8.2%

Note. Numbers in this table and the tables below may not add up to totals due to rounding.

1 from Coal segment

2 in tonnes of pure vanadium

 

In Q3 2019, EVRAZ` pig iron output rose by 1.8% QoQ, mainly following the completion of capital repairs in April at EVRAZ NTMK's blast furnace no. 5.

Crude steel production volumes fell by 1.8% QoQ, primarily due to scheduled capital repairs in July-August 2019 at EVRAZ ZSMK.

Total output of steel products remained almost flat QoQ, with a 14.8% QoQ increase in production volumes at EVRAZ NTMK due to lower re-rolled volumes of slabs at the Steel, North America segment. EVRAZ Caspian Steel boosted production by 11.7% following higher demand from customers. This was partly offset by production at EVRAZ Palini e Bertoli going down by 12.9% due to unscheduled downtime in August 2019.

Iron ore products output fell by 6.1% QoQ, mainly due to capital repairs in August-September 2019 at EVRAZ KGOK's roasting machine no. 2.

 

 

Total sales volumes

Product, kt

Q3
2019

Q2 2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Coke

93

113

-17.7%

271

318

-14.8%

Steel products, external sales2

2,847

2,770

2.8%

8,200

7,757

5.7%

Semi-finished products

1,398

1,293

8.1%

3,971

3,700

7.3%

   Slabs

669

572

17.0%

1,724

1,377

25.2%

   Billets

562

545

3.1%

1,752

1,943

-9.8%

   Other steel products1

167

176

-5.1%

495

379

30.6%

Finished products2

1,448

1,477

-2.0%

4,229

4,057

4.2%

   Construction products2

883

864

2.2%

2,476

2,367

4.6%

   Railway products

314

367

-14.4%

1,025

1,010

1.5%

   Flat products

79

98

-19.4%

269

263

2.3%

   Other steel products2

172

148

16.2%

461

417

10.6%

Steel products, inter-segment sales

27

115

-76.5%

328

423

-22.5%

Third-party steel products, external sales2

225

196

14.8%

601

672

-10.6%

Iron ore products, external sales

162

235

-31.1%

861

1,514

-43.1%

Pellets

162

235

-31.1%

861

1,514

-43.1%

Sales of vanadium in slag3

1,693

1,660

2.0%

4,528

4,760

-4.9%

Sales of vanadium final products4

3,585

3,266

9.8%

9,369

9,693

-3.3%

Note. Numbers in this table and the tables below may not add to totals due to rounding.

1 includes tonnes of pig iron

2 Q2 2019 data has been adjusted

3 9m 2018 data has been adjusted

4 in tonnes of pure vanadium

 

In Q3 2019, external sales of steel products were up 2.8% QoQ. Sales of semi-finished products rose by 8.1% QoQ, primarily due to better market conditions.

 

Sales of finished products fell by 2% QoQ. Sales of railway products were down 14.4% QoQ amid capital repairs at EVRAZ NTMK's rail and beam mill and EVRAZ ZSMK's electric-arc furnace shop. In addition, sales of flat-rolled products dropped by 19.4% QoQ, primarily due to a decline in production volumes at EVRAZ Palini e Bertoli.

 

Inter-segment sales declined by 76.5% QoQ due to lower sales of slabs to the Steel, North America segment following a decline in demand from customers.

 

Sales of iron ore products fell by 31.1% QoQ after a reduction in pellet production volumes due to capital repairs in August-September at EVRAZ KGOK's roasting machine no. 2.

 

Sales of final vanadium products rose by 9.8% QoQ, mainly due to increased demand in China. This was the result of robust infrastructure sector development, as well as ferrovanadium re-stocking in the rest of the world due to lower prices.

 

 

Cash cost, US$/t

Q3
2019

Q2 2019

Q3 2019/ Q2 2019, change

9m

2019

9m

2018

9m 2019/ 9m 2018, change

Slab cash cost vertically integrated

241

238

1.3%

234

235

-0.4%

Iron ore products (Fe 62%)*

41

40

2.5%

39

36

8.3%

* Q2 2019 data has been adjusted

 

Average selling prices

US$/t (ex works)

Q3 2019

Q2 2019

9m

2019

9m

2018

Coke

214

240

225

229

Steel products**

480

507

489

548

Semi-finished products*

341

392

371

464

Construction products**

557

563

548

598

Railway products

842

763

780

693

Other steel products

579

598

590

638

Pellets

76

81

77

64

Metal Bulletin Ferro-Vanadium basis 78% min, free DDP,
consumer plant, 1st grade Western Europe***

30.72

39.36

47.80

72.17

Ryan's Notes N.A. FeV 80% min, US ex-warehouse, duty paid***

34.93

47.81

56.89

75.50

* includes prices for pig iron

** Q2 2019 data has been adjusted

*** US$/kgV

 

In Q4 2019, pig iron production volumes are expected to edge down QoQ due to capital repairs in October at EVRAZ NTMK's blast furnace no. 5. This will be partly offset by a QoQ uptick in pig iron production volumes following completion of capital repairs in July-August 2019 at EVRAZ ZSMK.

 

 

 

 

STEEL, NORTH AMERICA SEGMENT

 

Production and sales volumes*

Product, kt

Q3 2019

Q2 2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Crude steel

427

492

-13.2%

1,421

1,395

1.9%

EVRAZ US mills

223

251

-11.2%

709

678

4.6%

EVRAZ Canadian mills

204

241

-15.4%

712

716

-0.6%

Total steel products production, net of re-rolled volume

535

605

-11.6%

1,698

1,616

5.1%

EVRAZ US mills

352

384

-8.3%

1,087

1,007

7.9%

EVRAZ Canadian mills

183

220

-16.8%

611

609

0.3%

Sales of steel products

539

601

-10.3%

1,693

1,571

7.8%

Semi-finished products

45

74

-39.2%

175

26

n/a

Construction products

66

69

-4.3%

202

213

-5.2%

Railway products

106

122

-13.1%

329

304

8.2%

Flat-rolled products

128

141

-9.2%

409

442

-7.5%

Tubular products

194

195

-0.5%

578

586

-1.4%

*Q3 2019 production and sales volumes data is preliminary

 

In Q3 2019, crude steel production dropped by 13.2% QoQ. The reduction was made at EVRAZ Regina facility in anticipation of weaker demand for both OCTG and line pipe in the upcoming months, as well as by lower production at EVRAZ Pueblo, which came as a result of scheduled downtimes and unplanned repairs.

 

Sales of semi-finished products (slabs) fell by 39.2% QoQ driven primarily by the timing of customer orders, which fluctuate throughout the year.

 

Sales of construction products decreased by 4.3% QoQ with continued sluggish demand caused by substantial customer inventories and imports of wire rod and rebar.

 

Sales of railway products were down 13.1% QoQ in the period due to planned major maintenance outage in September.

 

Flat-rolled product sales descended by 9.2% QoQ as a result of weakening demand from service centres. End user demand did not decrease in Q3 2019.

 

Tubular product sales volumes were almost flat (down 0.5%) QoQ as Canadian OCTG market remains soft.

 

  

Average selling prices

US$/t (ex works)

Q3

2019

Q2

2019

9m

2019

9m

2018

Construction products

695

768

771

796

Flat-rolled products

875

953

961

967

Tubular products

1,340

1,347

1,353

1,230

 

Prices for construction products decreased in the period, driven primarily by falling scrap pricing and sluggish market demand. Prices for flat-rolled products dropped further as service centres continue to curtail purchases amid rapidly falling scrap prices and market uncertainty driven by soft demand. Prices for tubular products were almost flat in Q3 2019 (up 0.5% QoQ) thanks to higher priced large-diameter pipe (LDP) orders, although this was offset by a continued softening on the OCTG markets and lower line pipe prices.

 

In Q4 2019, crude steel output is expected to climb by as much as 5% compared with the average level for Q2 and Q3 2019. Tubular sales volumes are expected to rise QoQ, driven by increased recognition of current LDP orders and higher line pipe sales volumes. Sales of flat-rolled products are forecast to remain flat or marginally decline QoQ, driven by continued softness in the market along with the usual seasonal decline in demand at the end of the year.

 

 

  

COAL SEGMENT

 

Production volumes

Product, kt

Q3

2019

Q2

2019

Q3 2019/ Q2 2019, Change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Raw coking coal (mined)

6,319

6,996

-9.7%

20,159

17,335

16.3%

Yuzhkuzbassugol

3,043

3,466

-12.2%

9,115

8,172

11.5%

Raspadskaya

2,965

3,231

-8.2%

10,112

8,364

20.9%

Mezhegeyugol

311

299

4.0%

932

799

16.6%

Coking coal concentrate (production)

3,733

3,969

-5.9%

10,931

10,428

4.8%

Produced at Yuzhkuzbassugol coal
washing plants

1,570

1,837

-14.5%

4,840

4,991

-3.0%

Produced at the Raspadskaya coal
washing plant

2,163

2,132

1.5%

6,091

5,437

12.0%

 

In Q3 2019, overall raw coking coal output fell by 9.7% QoQ mainly following the decision to reduce production at the Razrez-Raspadsky open-pit as a response to substantial accumulated stockpiles of raw coal. In addition, production volumes were lower QoQ due to the longwall move at the Uskovskaya mine in the period.

 

Output of coking coal concentrate dropped by 5.9% QoQ, primarily due to higher sales of raw coal from the Uskovskaya mine.

 

 

Sales volumes

Product, kt

Q3
2019

Q2
2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

External sales

2,953

2,929

0.8%

8,539

8,244

3.6%

Raw coking coal

741

447*

65.8%

1,685*

1,377

22.4%

Coking coal concentrate

2,212

2,482

-10.9%

6,854

6,867

-0.2%

Intersegment sales

1,712

1,650

3.8%

4,882

4,545

7.4%

    Raw coking coal

629

556

13.1%

1,580

1,455

8.6%

   Coking coal concentrate

1,084

1,094

-0.9%

3,301

3,090

6.8%

 

 

 

 

 

 

 

* The data include sales volumes of 1 kt of coal recognised as steam-grade coal based on its quality characteristics.

 

In Q3 2019, external sales volumes of coking coal products remained flat QoQ. Raw coking coal sales volumes surged by 65.8% QoQ due to higher sales at the Uskovskaya mine to match customer needs. This was partly offset by lower coking coal concentrate sales volumes due to logistical limitations of shipments to Russia's Far East as a result of maintenance works at railroads.

 

Cash cost, US$/t

Q3

2019

Q2

2019

Q3 2019/ Q2 2019, change

9m 2019

9m 2018

9m 2019/ 9m 2018, change

Coking coal concentrate

35

33

6.1%

35

47

-25.5%

 

 

Average selling prices

 

US$/t (ex works)

 

Q3

2019

Q2

2019

9m
2019

9m
2018

Raw coking coal

45

62

53

65

Coking coal concentrate

88

104

103

123

 

In Q3 2019, coking coal selling prices moved in line with global benchmarks.

 

In Q4 2019, raw coal production is expected to remain flat QoQ as the effect from the completion of the longwall move at the Uskovskaya mine will be partly offset by the longwall move at the Erunakovskaya mine.

 

 

Notes:

Semi-finished products include slabs, billets, pipe blanks and other semi-finished products.

Construction products include beams, channels, angles, rebars, wire rods, wire and other construction products.

Railway products include rails, wheels, tyres and other railway products.

Flat-rolled products include commodity plate, specialty plate and other flat products.

Tubular products include large-diameter line pipes, ERW pipes and casings, seamless pipes and other tubular products.

Other steel products include rounds, grinding balls, mine uprights, strips, etc. They also include railway products for Ukraine.

 

 

###

 

 

 

For further information:

 

Media Relations:

Moscow: +7 495 937 6871

[email protected]

 

Investor Relations:

Moscow: +7 495 232 1370

[email protected]

 

 

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Kazakhstan, US, Canada, Czech Republic and Italy. EVRAZ is among the top steel producers in the world based on crude steel production of 13mt in 2018. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2018 were US$12,836m and consolidated EBITDA amounted to US$3,777m.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
TSTEAKEFDSXNFFF

Quick facts: Evraz PLC

Price: 357

Market: LSE
Market Cap: £5.18 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE