Earnings Report /
Russia

Evraz PLC: 3Q21 trading update – Steel price growth compensates for lower sales; Neutral

  • EVRAZ (EVR: LN; E/W) reported its 3Q21 trading update. It is on track to deliver flat y/y crude steel production in 2021

  • Total steel sales reached 3.2mn t. Decrease in finished steel sales mainly driven by the slump in the Russian segment

  • We view the results as neutral for the stock

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
28 October 2021
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