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EVRAZ Announces Results for H1 of 2020

Steel News - Published on Mon, 10 Aug 2020

Image Source: EVRAZ
EVRAZ plc announces its unaudited interim results for the six months ended 30 June 2020. EVRAZ Chief Executive Officer Alexander Frolov said “The first half of 2020 was dominated by the global fight against the COVID-19 pandemic. The restrictive measures imposed by the governments ofvarious countries have had a significant impact on the level of consumption of steel products around the world. Prices have reflected this situation, dropping sharply incomparison with the first half of 2019.”

The cash cost of slabs decreased to USD 210/tonne from USD 230/tonne in H1 2019
The cash cost of washed coking coal was flat at USD 34/tonne in H1 2020 over H1 2019
The cash cost of iron ore products was flat at USD 38/tonne in H1 2020 over H1 2019

Financial Highlights
(US$ million)H1'20H1'19YoY
Consolidated revenues4,9836,140-18.8
Profit from operations891913-2.4
Consolidated EBITDA11,0731,482-27.6
Net profit51334449.1

Source :

Posted By : Yogender Pancholi on Mon, 10 Aug 2020
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