Evraz, a steel and mining company in Russia said that its steel production decreased by 6% y-o-y in the second quarter of this year, caused by its maintenance schedule and weak demand from Europe and South Africa.
The firm pointed out that the prices for most steel products were flat, except in South Africa where has some unstable operations at iron and steel plants and a soft market.
In the given period of time, Evraz's output of cast iron totaled 2.89 million tons, down by 1.4%; that of coking coal was at 1.94 million tons, rising by 10.2%, both compared to that in the same period of a year earlier.