Evraz’s Q2 vanadium product sales rise on increased spot demand at lower prices

摘要

Russian steel and vanadium producer Evraz’s sales of final vanadium products in the second quarter rose by 29.7% on a quarterly comparison to 3.27 million tonnes, the company said in a trading update on Wednesday July 31. This was up from 2.52 million tonnes of pure vanadium produced in the first quarter of 2019. But sales were down 10.4% in the first half of 2019 to 5.78 million tonnes from 6.46 million in the first half of 2018. The rise in sales in the first quarter came at a time of lower prices for ferro-vanadium and restocking by end users which stimulated spot demand, particularly in the European Union, Asia and North America, Evraz said.