Russian steelmaker Evraz produced 13.6mn mt of crude steel in 2020, down 1.3pc from 1.8mn mt in 2019. The decline in volumes was largely attributed to its North American operations where its Tubular mills were shut down on lower demand from the oil and gas sector.
At its domestic operations, crude steel production rose by 0.8pc in 2020 to 12.05mn mt against 11.95mn mt a year ago. Pig iron volumes increased by 1.3pc to 11.1mn mt from 11mn mt in the same period. Iron ore output, in the form of pellets, concentrates, and sinter also increased by 3.2pc to 14.2mn mt in 2020, compared with 13.7mn mt in 2019. Evraz’s total steel product sales fell by 3.1pc to 13.06mn mt against 13.47mn mt in the same period under comparison.
Consolidated crude steel production increased by 7.4pc in Q4 2020 tallying at 3.46mn mt from 3.22mn mt in the preceding quarter. The company’s pig iron production increased by 6.1pc to 2.85mn mt in the fourth quarter from 2.68mn mt in Q3 2020. Iron ore production rose by 3.8pc to 3.64mn mt from 3.50mn mt in the same timeframe. During the quarter, steel product sales increased by 12pc to 3.4mn mt from 3mn mt in Q3.
In the US and Canada, Evraz’s mills produced 1.58mn mt of crude steel in 2020, down by 15pc compared with 1.86mn mt in 2020. Steel sales in the region declined by 23.7pc to 1.68mn mt from 2.2mn mt in the same period. In Q4 2020, however, the company noted a 26.6pc increase in crude steel volumes to 423,000mt from 334,000mt in Q3. This was owing to a strong recovery in flat-rolled steel and rail products sales, which were up by 13pc and 11.8pc, respectively in Q4.