Russian mining and steelmaking company Evraz Group has announced its production results for the fourth quarter last year, stating that its crude steel production remained stable at 3.4 million mt compared to the third quarter as production increased at its Russian steel mills and decreased at its North American and Ukrainian assets. In the fourth quarter of 2016, the company's pig iron production decreased by 1.3 percent to 2.85 million mt, its finished steel production fell by 1.7 percent to 1.69 million mt and coke production declined by 40.6 percent to 166,000 mt, all quarter on quarter.
According to the company's statement, in the fourth quarter last year production of railway products at its Russian rail mills rose 15.7 percent quarter on quarter, driven by the completion of repairs at EVRAZ ZSMK’s rail mill in the third quarter of 2016, which had impacted production volumes in that period, and also driven by higher demand in the fourth quarter. In addition, in the given quarter, production of tubular products in North America increased by 18.6 percent compared to the third quarter, as demand picked up amid a decline in surplus inventories in the distribution channels.