Evraz annual output down five per cent

Crude steel production slumped by five per cent last year for Russia’s largest steel producer Evraz.

Output fell to 15.9m tonnes, from 16.7m tonnes in 2011, on the back of overhauls at its Russian steel mills.

The temporary suspension of production at Evraz Vitkovice’s steel shop in the Czech Republic also weighed on output over the full year.

Over the fourth quarter, crude steel production dropped by six per cent in comparison with the third quarter, largely due to maintenance at its Evraz ZSMK steel mill in Siberia.