Russian steel maker EVRAZ announced that consolidated crude steel output fell by 0.6% QoQ in Q4 of 2021, mainly because of maintenance outages in November in North America while total sales of steel products increased by 7.0% QoQ. Sales of construction products were buoyed by market demand in the period, while sales of railway products were higher following the completion of capital repairs at EVRAZ ZSMK’s rail and beam shop and EVRAZ NTMK’s wheel shop.In Q4 2021, pig iron production at the Group's Russian mills remained mostly flat QoQ. In FY2021, pig iron production dropped by 3.0% YoY because of a shortage of sinter and coke, as well as because of the export duty introduction (effective until the end of 2021) which led to lower margins from production at EVRAZ ZSMK. Crude steel production volumes remained mostly flat QoQ and fell by 3.0% YoY amid lower pig iron production at EVRAZ ZSMK. Total output of steel products decreased by 1.0% QoQ, while semi-finished product volumes were lower at EVRAZ ZSMK, construction product volumes was higher at EVRAZ NTMK and EVRAZ Caspian Steel amid increased market demand. In FY2021, total output of steel products fell by 2.9% YoY, mainly because of unfavourable prices for semi-finished products and reduced railway product volumes at EVRAZ ZSMK amid lower demand from Russian Railways.In FY2021, external sales of steel products dropped by 4.9% YoY. In FY2021, semi-finished product sales volumes fell by 8.2% YoY because of a reduction in the output of semi-finished products following the introduction of the export duty in 2021. In FY2021, sales volumes of finished products edged down by 1.0% YoY because of reduced demand from Russian Railways for EVRAZ ZSMK's rails.
Russian steel maker EVRAZ announced that consolidated crude steel output fell by 0.6% QoQ in Q4 of 2021, mainly because of maintenance outages in November in North America while total sales of steel products increased by 7.0% QoQ. Sales of construction products were buoyed by market demand in the period, while sales of railway products were higher following the completion of capital repairs at EVRAZ ZSMK’s rail and beam shop and EVRAZ NTMK’s wheel shop.In Q4 2021, pig iron production at the Group's Russian mills remained mostly flat QoQ. In FY2021, pig iron production dropped by 3.0% YoY because of a shortage of sinter and coke, as well as because of the export duty introduction (effective until the end of 2021) which led to lower margins from production at EVRAZ ZSMK. Crude steel production volumes remained mostly flat QoQ and fell by 3.0% YoY amid lower pig iron production at EVRAZ ZSMK. Total output of steel products decreased by 1.0% QoQ, while semi-finished product volumes were lower at EVRAZ ZSMK, construction product volumes was higher at EVRAZ NTMK and EVRAZ Caspian Steel amid increased market demand. In FY2021, total output of steel products fell by 2.9% YoY, mainly because of unfavourable prices for semi-finished products and reduced railway product volumes at EVRAZ ZSMK amid lower demand from Russian Railways.In FY2021, external sales of steel products dropped by 4.9% YoY. In FY2021, semi-finished product sales volumes fell by 8.2% YoY because of a reduction in the output of semi-finished products following the introduction of the export duty in 2021. In FY2021, sales volumes of finished products edged down by 1.0% YoY because of reduced demand from Russian Railways for EVRAZ ZSMK's rails.
