In the 3rd quarter 2019 consolidated crude steel production of Evraz decreased by 3.4%
In the 3rd quarter 2019 consolidated crude steel production of Evraz decreased by 3.4% compared to the level of the 2nd quarter. This was mainly due to lower production at EVRAZ ZSMK due to the planned repair of the equipment. Also, the production volumes reflected a reduction in steel production assets of Evraz in the U.S. and Canada due to planned interruptions, and weakening demand.
Total sales of steel products remained at the level of the 2nd quarter. Sales of semi-finished products increased in the 3rd quarter by 5.6% amid good market conditions. While sales of finished products decreased by 3.1% QoQ due to lower sales volumes of flat products (due to lower production at EVRAZ Palini e Bertoli and weaker demand from service centers in North America) and of railway products (because of capital repairs at EVRAZ ZSMK and EVRAZ NTMK)
the average Production of coking coal decreased by 9.7% compared to the 2nd quarter, this was mainly due to the reduction in the cut Raspadskiy amid the substantial inventory of coal.
Sale of coal products to external consumers remained at the level of the 2nd quarter.
Sales of iron ore products to external customers declined in quarterly terms by 73 thousand tons, or by 31.1%, due to the lower production volumes of pellets due to a major overhaul of kiln No. 2, EVRAZ KGOK.
sales of finished vanadium products increased in the 3rd quarter by 9.8%, mainly due to the growth of demand in China. This was facilitated by the strong development of infrastructure construction in China and the accumulation of stocks of inventories of ferrovanadium in the rest of the world against the background of low prices.