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Russian steel producer Evraz Group SA (EVR.LN) Thursday said crude steel output in the third quarter totaled 4.24 million metric tons, down 13.2% from a year earlier with the U.S. mills experiencing the sharpest decline, but up 24.6% from the second quarter
Rolled products output declined 14.4% year-on-year to 3.83 million tons, Evraz said. That was a 17.3% increase from the previous quarter.
Evraz experienced a 12.1% drop in crude steel production for the year at its Russian mills, to 3.14 million tons from 3.58 million tons in the third quarter of 2008. However, the third-quarter output was up 21.5% from the second quarter of 2008.
In the U.S., Evraz's production decline was the sharpest. Third-quarter crude steel output fell by 21.3% to 478,00 tons, from 607,000 tons, while rising 34.65 form the second quarter.
In Europe, where the company has operations in Italy and Czech Republic, the decline was by 18.5% to 178,000 tons from 219,000 tons.
However, Evraz's European mills experienced the sharpest quarter-on-quarter rise of all the company's assets, as production raised 2.7 times from 66,000 in the second quarter.
Ukraine remained the only region of Evraz's operations where crude steel production continued to decline. Crude steel output at the company's Ukraine's mills was down 1.5% on a quarter, and down 8.9% on a year to 241,000 tons.
Mined coking coal output was up 9.3% at 2.38 million tons from 2.18 million tons.
Evraz is controlled by Lanebrook Ltd., a holding company which is half owned by Russian billionaire and Chelsea Football Club owner Roman Abramovich, and the other half held by Alexander Abramov and Alexander Frolov.
Company Web site: www.evraz.com
-By Alexander Kolyandr and Jacob Gronholt-Pedersen, Dow Jones Newswires; +44 20 7842 9410; alexander.kolyandr@dowjones.com
(END) Dow Jones Newswires
10-15-09 1235ET
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