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Evraz NORTH AMERICA Q3 production update

Steel News - Published on Fri, 20 Oct 2017

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Crude steel output increased by 12.1% quarter-on-quarter as EVRAZ Regina ramped up production following the planned outage during Q2 2017. Construction products output declined by 5.7% quarter-on-quarter as crude steel was allocated to seamless pipe.

Railway products output fell by 14.0% quarter-on-quarter due to planned maintenance downtime at Pueblo rail mill.

Production of flat-rolled products decreased 9.9% quarter-on-quarter due to planned maintenance downtime at Portland rolling mill during Q3 2017.

Production of tubular products rose by 18.5% quarter-on-quarter, thanks to higher steel availability at EVRAZ Regina, as well as to stronger demand for oil country tubular goods, which have staged a strong recovery during 2017. Meanwhile, political uncertainty continued to impact line pipe demand.

Prices for most steel products increased during Q3 2017, reflecting prevailing trends in scrap and other inputs, reduced pressure from imports, and improving demand fundamentals. Meanwhile, prices for flat products were down as a result of a less favourable customer mix.

During the fourth quarter, we expect crude steel volumes to pick up slightly, tubular and railway prod- ucts volumes to grow by 5-10%, construction products to remain essentially unchanged, and flat rolled products to fall by 5-10%.

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Posted By : Nanda Koijam on Fri, 20 Oct 2017
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