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27 Feb
13:36

Evraz's UAE sales surge, Africa slumps despite rails

Evraz’s revenue generated in United Arab Emirates surged in 2019 to $124 million from only $5m in 2018, Kallanish learns from the Russian steelmaker’s annual report. In Turkey Evraz’s sales fell -35% on-year in 2019 to $166m, following a -23% slump in 2018. The steelmaker says one of its main aims in 2020 is to maintain coal shipments to key customers in Eastern Europe and Turkey. In 2019 a key development was prioritising coal export …
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