In Eurasia expect growth in steel demand in Russia almost 4%
In Eurasia predict that in 2019, the demand for metal in Russia will grow by about 3.1%. While for some products the increase would be 13%, in particular, the demand for the steel beam will be improved by 10-13%. In 2020, the pace of overall growth are projected to be even higher to 3.8%, while apparent consumption of steel could exceed 44 million tonnes.
In the 3rd quarter of 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.
the Company is building an integrated rolling complex (LPK) at EVRAZ ZSMK with a capacity of 2.5 million tons per year and modernization of the rail and structural steel shop at EVRAZ NTMK. Investment in the forestry project are forecast at around 647 million dollars in the rail and structural steel production - about $ 180 million.
due to the launch of LPK is planned to increase the production of flat products by 1.5 million tons per year.
EVRAZ is a vertically integrated metallurgical and mining company with assets in Russia, USA, Canada, the Czech Republic and Kazakhstan. The company is one of the largest steel producers in the world. Own base of iron ore and coking coal provides the company's internal consumption. The company is in the leading index of the London stock exchange – FTSE-100.