AT A GLANCE: Evraz Q3 semi-finished steel sales down on low steel output, high domestic finished steel consumption

摘要

A summary of sales figures from Russian steelmaker Evraz in the third quarter of 2020, it said in a trading update report published on Thursday October 29. ? Sales of semi-finished steel products from Evraz’s assets in the Commonwealth of Independent States (CIS) dropped by 21.6% year on year to 1.3 million tonnes in the third quarter of 2020 from 1.67 million tonnes in the previous quarter. ? The company’s CIS assets include Russia-based West Siberian Iron and Steel Works (ZSMK) and Evraz Nizhniy Tagil Iron & Steel Works (NTMK) as well as Caspian Steel in Kazakhstan. The company’s semi-finished product sales mainly dropped due to the increase in sales of finished goods to the Russian market as well as lower steel output due to the planned shutdown of blast furnace (BF) No5 and the launch of BF No6 after the completion of a major overhaul at Nizhniy Tagil Iron & Steel Works (NTMK).