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Q2 2020 vs Q1 2020 HIGHLIGHTS
In Q2 2020, EVRAZ’ consolidated crude steel output fell by 5.1% QoQ,
mainly due to capital repairs and gas pause at EVRAZ ZSMK in June
as well as capital repairs at EVRAZ NTMK in May.
Total sales of steel products rose by 4.9% QoQ. Sales of semi-finished
products increased by 19.5% QoQ following change in the product mix
in favour of slab and billets resulted from decline in demand for
finished products during the COVID-19 pandemic.
Sales of finished products fell by 6.9% amid weak market demand
in Russia and North America as well as due to lower production volumes
in Russia following scheduled capital repairs.
Total raw coking coal production decreased by 26.8% QoQ, driven
by weaker demand for coal on global markets. Production at the Razrez
Raspadsky open pit and at Mezhegeyugol has been suspended until
favourable market conditions are restored. The decline was also due the
move of the longwall at the Alardinskaya mine.
External sales volumes of coking coal products dropped by 14.6% QoQ,
caused by lower shipments to Europe amid unfavourable market conditions.
External sales of iron ore products jumped by 25.6% QoQ amid higher
shipments to the domestic market in Q2 2020.
Sales of vanadium products fell by 22.6% QoQ mainly due to lower steel
utilisation rates as well as general decrease of vanadium demand
following COVID 19 restrictions. The regional sales and product mix was
changed to serve the more active Chinese oxide market during Q2 2020.
|
Product, ‘000 tonnes |
Q2 2020 |
Q1 2020 |
Q2 2020/ Q1 2020, change |
H1 2020 |
H1 2019 |
H1 2020/ H1 2019, change |
|
Total crude steel production |
3,377 |
3,559 |
-5.10% |
6,936 |
6,986 |
-0.70% |
|
Russia |
2,992 |
3,121 |
-4.10% |
6,113 |
5,992 |
2.00% |
|
North America |
385 |
438 |
-12.10% |
823 |
994 |
-17.20% |
|
Total raw coking coal mined |
4,165 |
5,692 |
-26.80% |
9,857 |
13,840 |
-28.80% |
|
Total coking coal concentrate production |
3,820 |
3,747 |
1.90% |
7,567 |
8,142 |
-7.10% |
|
Iron ore products production |
3,460 |
3,595 |
-3.80% |
7,055 |
7,169 |
-1.60% |
|
Total sales of steel products |
3,382 |
3,224 |
4.90% |
6,605 |
6,510 |
1.50% |
|
Semi-finished products |
1,724 |
1,443 |
19.50% |
3,167 |
2,702 |
17.20% |
|
Finished products |
1,658 |
1,781 |
-6.90% |
3,438 |
3,808 |
-9.70% |
|
Total sales of third-party steel products |
197 |
175 |
12.60% |
372 |
376 |
-1.10% |
|
Sales of coking coal products |
2,800 |
3,278 |
-14.60% |
6,079 |
5,585 |
8.80% |
|
Sales of iron ore products |
446 |
355 |
25.60% |
801 |
699 |
14.60% |
|
Sales of vanadium in slag |
1,996 |
765 |
n/a |
2,761 |
2,836 |
-2.60% |
|
Sales of vanadium final products* |
2,450 |
3,168 |
-22.60% |
5,618 |
5,784 |
-2.90% |
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(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |
