Russian mining and steel producing company Evraz Group has announced its financial results for 2014, registering a net loss of $1.278 billion, compared to a net loss of $551 million in 2013 mostly due to impairment of assets ($540 million) and foreign exchange losses ($1.005 million). The company's sales revenues decreased by nine percent year on year to $13.061 billion in 2014.
In the given year, Evraz's steel segment revenues amounted to $9.519 billion, declining by 11.8 percent compared to 2013.
In 2014, Evraz produced 15.5 million mt of crude steel, down four percent year on year, with the decrease attributable to the disposal of Evraz Vitkovice Steel and the shutdown of Evraz Claymont.