Evraz said consolidated crude steel output in the fourth quarter remained stable compared with the previous three months at 3.5 million tonnes.
Consolidated output of steel products, net of re-rolled volumes, rose by 5.7% QoQ to 3.3 million tonnes, mainly due to higher steel product output at Evraz ZSMK's mill amid planned capital repairs of blast furnace no. 2 in June and July.
It said higher volumes of semi-finished products led to increased steel product output at the Russian steel mills, net of re-rolled volumes. Meanwhile, output of construction products fell, reflecting the seasonal slowdown in demand for construction products in Russia and the impact of changes to the sales mix.
In 2017, consolidated crude steel production and steel product output, net of re-rolled volumes, increased by 3.8% and 3.2%, respectively.
This was mainly attributable to improved market demand in North America and higher crude steel production at EVRAZ ZSMK following the completion of planned capital repairs at its blast furnaces in 2016.
Output of steel products, net of re-rolled volumes, at the Russian steel mills in 2017 reflected higher volumes of semi-finished products, while output of construction products fell in line with the change in the sales mix.
Railway product output at Evraz NTMK rose amid improved market conditions and higher production of railway products in North America after Class I railroads finished destocking.
Greater production of flat-rolled products was triggered by higher production volumes at Evraz Palini e Bertoli. It was accompanied by higher output in North America due to improved demand, primarily from the wind tower and energy segments.
In North America, output of tubular products (oil country tubular goods, or OCTG, and small-diameter line pipe) improved thanks to the strong market recovery.
Production of coking coal concentrate grew by 6.2% YoY. This was driven by higher annual output at the Raspadskaya mines and Mezhegeyugol in 2017.
At 8:06am: (LON:EVR) Evraz Plc share price was -0.6p at 372.5p