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EVRAZ announces operational results for Q2 2014

EVRAZ Plc announced its operational results for the Q2 of 2014.
Q2 2014 vs Q1 2014 Highlights:
1. Consolidated crude steel production increased slightly in Q2 2014 vs. Q1 2014.
2. Consolidated production of steel products, net of re rolled volumes increased by 6% as a result of growth both in production of construction products and rails in Russia on the back of strong domestic demand.
3. Share of finished steel products within the consolidated volumes decreased to 70% in Q2 2014 vs. 74% in Q1 2014, whilst the share of semi finished goods increased to 30% from 26%, due to lower inter company supplies of slabs for re-rolling into finished goods at EVRAZ non-Russian assets.
4. Output of iron ore products in Russia increased by 3% vs. Q1 2014.
5. Consolidated raw coking coal output and production of coking coal concentrate increased by 7% and 3% respectively due to strong Raspadskaya’s production.
6. Average prices for most of EVRAZ’s steel products in Russia recovered on the back of improved demand in the domestic market.
7. Average prices for flat-rolled and tubular products in North America improved supported by growing demand from the oil and gas sector.
8. Average prices for Russian-produced iron ore products and coking coal concentrate softened in line with global benchmark prices.
Steel Segment;

Product, ‘000 tonnes Q2 2014 Q1 2014 Change Q2 2013 Change
Coke (saleable) 273 255 7.00% 398 -31.50%
Pig iron 3131 2991 4.70% 3106 0.80%
Pig iron (saleable) 85 77 10.90% 45 91.00%
Crude steel 3918 3875 1.10% 4089 -4.20%
Steel products, gross 3810 3781 0.80% 4093 -6.90%
Steel products, net of re rolled volumes 3556 3366 5.70% 3695 -3.80%
Semi finished products 1056 867 21.90% 843 25.30%
Finished products 2500 2499 0.00% 2853 -12.40%
Construction products 1335 1217 9.70% 1335 0.10%
Railway products 538 508 5.80% 497 8.20%
Flat rolled products 226 344 -34.50% 588 -61.70%
Tubular products 250 271 -7.60% 200 25.50%
Other steel products 151 159 -5.00% 233 -35.20%


Source – Strategic Research Institute

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