Market Segment
January 31, 2022
North American Operations Lead the Way for Evraz
Written by Tim Triplett
The North American operations of Evraz produced 1.88 million metric tons in 2021, an 18.9% improvement over 2020 despite some falloff near the end of the year, the company said in its Jan. 31 trading update. The Russia-based steelmaker reported fourth-quarter 2021 production of 480,000 metric tons in North America, a 2.2% decline from the prior quarter, partly due to maintenance outages in November.
Year over year worldwide, Evraz consolidated crude steel production edged down by 0.4% as volumes fell after Russia introduced an export duty (effective until the end of 2021), which led to lower margins from pig iron production in Russia. The export duty’s effect on semifinished steel contributed to a 4.5% decline in sales in 2021, notably sales to North America.
Overall, total global crude steel production by Evraz mills hit 13.57 million metric tons in 2021, down a slight 0.4% from 13.63 million tons in 2020.
Evraz North America, headquartered in Chicago, has six manufacturing facilities located in Portland, Ore.; Regina, Saskatchewan; Pueblo, Colo.; and Calgary, Camrose and Red Deer, Alberta. In North America, Evraz is a leading producer of rail, pipe and steel plate. The company also has 18 scrap operations throughout Canada and the United States.
By Tim Triplett, Tim@SteelMarketUpdate.com
