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19 Jul
15:35

Evraz prefers pig iron to semis in Q2

Evraz says its third-quarter Russia-based finished steel output will fall due to a pause in gas supply at ZSMK in August, as well as capital repairs of the rail mills at NTMK in August-September and ZSMK in August. Crude steel output, however, is seen growing 3% on-quarter due to the completion of capital repairs at ZSMK’s blast furnace no.2 in Q2. Evraz’s consolidated finished steel output rose 5.6% on-quarter in Q2 to 1.91 million tonnes, but merch…
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