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06 Aug
13:37

Evraz eyes full second-half utilisation after earnings dip

Russia’s Evraz says it will aim to sustain production at full capacity in the second half of the year and maximise sales volumes in Russia. It will also look at additional efficiency improvements and be selective with investment projects. A strong downturn in demand led to a decline in steel prices in H1. But due to the strength of China’s steel industry, that decline was not paralleled by a fall in iron ore prices. This compounded the n…
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