27
Feb
14:32
Evraz posts lower revenue, profit, despite higher sales
Vertically-integrated steelmaker and miner Evraz posted significantly lower earnings for 2019 as compared to 2018, Kallanish notes. This was due to prices falling as a result of excess supply in the limited end-use demand environment, according to chief executive Alexander Frolov.
These headwinds notwithstanding, the firm's results for 2019 were resilient, with ambitious production targets set for 2020 that will help Evraz record a sol…
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Anonymous
Very good overview of the weekly steel market.
Anonymous