Evraz reduced crude steel production, selling prices cut
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Production of steel products, net of re-rolled volumes, was down 6%.
In the fourth quarter, crude steel output increased 2% to 3.6m tonnes thanks to the completion of maintenance works at steel mills in the U.S. and Ukraine.
Production of steel products, net of re-rolled volumes, was down 6% year-on-year, or down 4% without Highveld. Steel product production was up 5% in the fourth quarter, on the back of an improved performance in Ukraine.
Raw coking coal output jumped 12% after work was done at Russia's Yuzhkuzbassugol mines, though production of coking coal concentrate was down 6% as a result of seasonally softer demand from the country's steelmakers. ■