In the third quarter of 2016, Evraz Group produced 3.4 million tons of steel, which reflects a 6.3-percent increase relative to the results of the previous quarter, Evraz reported.

The output of steel products, net of re-rolled volumes, rose by 5.6 percent quarter-on-quarter to three million tons. The share of semi-finished products increased to 43 percent (its standard level) in the third quarter of 2016 (34.8 percent in the second quarter of 2016) following the repairs completed at blast furnaces. These developments boosted the volume of steel available for export in the third quarter of 2016.

In North America, the output of tubular products, large-diameter pipes (LDP), oil country tubular goods (OCTG), and small-diameter line pipes fell by 12.5 percent quarter-on-quarter due to pipeline project delays and low oil prices. The output of construction products and flat products decreased by 14.7 percent and 25.7 percent, respectively.

The output of coking coal concentrate decreased by 3.8 percent quarter-on-quarter, as less coking coal was mined at the Raspadskaya mine due to longwall repositioning in the third quarter of 2016.

Evraz Group is one of the largest vertically-integrated metallurgical and mining companies. It combines three leading steel-making enterprises in Russia (the Nizhny Tagil, the West Siberian, and the Novokuznetsk iron-and-steel works), along with Evraz Palini e Bertoli (Italy), Evraz Vitkovice Steel (the Czech Republic), Evraz Inc., NA (production assets in the U.S. and Canada), metallurgic and ore assets in Ukraine, as well as the Highveld Steel and Vanadium Corporation (South Africa).  The IFRS net profits of Evraz for the first half of 2016 decreased 2.7 times to USD7 million. The EBITDA decreased by 38.1 percent to USD577 million. The EBITDA margin was 16.3 percent, against 18.8 percent in the first half of 2015.