Sector movers: Evraz lifts industrial metals/miners

17th Jan 2012 15:56

Steel giant Evraz provided a lift in the industrial metals and mining sector on Tuesday afternoon, which was among the best performing categories of the day.The newly-listed steel firm has seen crude steel production rise by 3% in the year ended December 31st, helped by an increase in volumes in the Czech Republic. Crude steel production totalled 16.773m tonnes in 2011, up from 16.291m the year before. Quarter-on-quarter output also increased by 3% in the last three months of the year, helped by the completion of scheduled maintenance and the full utilisation of major steel-making assets. Luxury brand Burberry was dragging the personal goods sector into the red, after seeing a slowdown in revenue growth in the third quarter.Revenues totalled £574m in the period, up 21% on an underlying basis from the £480m in the third quarter the year before. Underlying revenue growth in the first half, however, was 30%. The negative reaction to the group's statement comes in spite of Chinese gross domestic product data coming in better than expected. China - a key growth market for Burberry - expanded by 8.9% year-on-year, less than the 9.1% rise seen in the third quarter but well ahead of the 8.6% forecast. Top performing sectors so far todayForestry & Paper 5,412.61 +2.93%Industrial Metals & Mining 4,640.93 +2.61%Construction & Materials 3,513.16 +2.09%Automobiles & Parts 4,814.08 +1.58%General Retailers 1,531.54 +1.54%Bottom performing sectors so far todayFixed Line Telecommunications 2,321.52 -0.97%Beverages 10,415.35 -0.79%Personal Goods 20,262.41 -0.74%Food Producers & Processors 5,450.85 -0.51%Tobacco 34,283.41 -0.49%