Evraz Group S.A. today released its operational results for the third quarter of 2010
HIGHLIGHTS:
- 3Q10 EBITDA guidance increased due to shorter than expected downtime and improvement in Russian domestic pricing of construction products in September.
- Decrease in pig iron and steel production volumes mainly due to scheduled modernisation and repairs at Russian mills, to be reversed in 4Q10.
- Coking coal volumes remain depressed due to stoppages at the mines caused by safety inspections and additional security equipment installation following the accident at Raspadskaya. Volumes are expected to return to normalised levels in 4Q10.
- As most of the scheduled modernisation projects and safety equipment installation has been completed, we expect production volumes to recover in 4Q10.
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