16th Oct 2015 06:24
LONDON (Alliance News) - Evraz PLC on Friday said production of all of its products and commodities rose in the third quarter from the second, but in the first nine months of 2015 most production areas were down year-on-year.
Coking coal production was the only area to experience a quarter-on-quarter fall, and coking coal production since the start of the year is also down.
The Russian steel miner said crude steel production rose to 3.5 million tonnes in the third quarter of 2015, up 3.3% from 3.4 million tonnes in the immediately previous quarter on the back of completed repair works at Russian steel mills.
That brought crude steel production for the first nine months of 2015 to 10.8 million tonnes, which is down 7.4% from 11.7 million tonnes a year earlier.
Gross production of steel products in the third quarter rose 2% quarter-on-quarter to 3.4 million tonnes from 3.3 million tonnes, bringing production since the start of 2015 to 10.5 million tonnes from 11.2 million tonnes a year before, representing a 7% year-on-year fall.
Production of finished products, which includes products for the construction and railway markets, rose 7% to 2.2 million tonnes in the third quarter from 2.0 million tonnes in the previous quarter, pushing year-to-date production to 6.4 million tonnes, down 12.9% from 7.3 million tonnes a year earlier.
The share of finished steel products within consolidated steel volumes grew to 69% in the third quarter from 65% in the second quarter due to seasonal pick-up in demand for construction products in Russia and improved demand for linepipe in North America, Evraz said.
Saleable pig iron production in the third quarter rose 15% to 189,000 tonnes from 165,000 tonnes, pushing production in the first nine months to 425,000 tonnes from 229,000 tonnes a year ago.
Saleable coke production dropped 28% quarter-on-quarter to 207,000 tonnes from 286,000 tonnes with year-to-date production totalling 778,000 tonnes, which is down 7% from 833,000 tonnes a year earlier.
By Joshua Warner; [email protected]; @JoshAlliance
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