Evraz Q1 crude steel output up 12.4%

29th Apr 2019 07:14

(Sharecast News) - Steelmaker and miner Evraz said first quarter consolidated crude steel output climbed by 12.4% quarter on quarter to 3.5m tonnes, mainly as a result of higher pig iron production following the completion of capital repairs at a blast furnace at the end of 2018.Total steel product sales rose by 8.4%, driven by higher crude steel production, Evraz said in a statement.Sales of semi-finished products surged by 29.0%, primarily due to increased pig iron and crude steel output, although this was partly offset by a 2.7% fall in finished product sales, which was "mostly attributable to lower sales of construction products in Russia and tubular and railway products in North America".