Evraz Q3 IRON ORE production update

02 January 2018

Evraz announced that in Q3 2017, production of iron ore decreased by 7.5% quarter-on-quarter, mainly due to the disposal of EVRAZ Sukha Balka in June. This was accompanied by capital repairs of EVRAZ KGOK’s sintering machine no. 2 in September. The reduced output of iron products was partially offset by increased production of pellets at EVRAZ KGOK after indurating machine no. 2 resumed work following its accidental outage in Q2 2017.

In Q4 2017, we expect sinter output to grow by roughly 9%, while production of pellets should remain flat quarter-on-quarter. Prices for pellets moved in line with global benchmarks with a one-month lag.

Source: STRATEGIC RESEARCH INSTITUTE, STEELGURU