|Bid||410.00 x 150000|
|Ask||470.00 x 157600|
|Day's range||415.10 - 439.80|
|52-week range||169.80 - 462.60|
|PE ratio (TTM)||8.77|
|Earnings date||27 Feb 2018 - 5 Mar 2018|
|Forward dividend & yield||0.43 (9.72%)|
|1y target est||5.47|
Russia's top two steelmakers and its leading aluminium producer saw their share prices fall after President Donald Trump said he would impose hefty tariffs to protect U.S. producers. Trump said the duties, 25 percent on steel imports and 10 percent on aluminium, would be formally announced next week, although White House officials later said some details still needed to be ironed out.
Evraz (LSE: EVR.L - news) , Russia's second-biggest steel producer, said on Thursday that higher global prices drove its net profit to $759 million in 2017 after a loss of $188 million in 2016, and helped it to recommend a dividend payment. Co-owned by Chelsea football club owner Roman Abramovich, Evraz said that going forward, it aimed to declare dividends of at least $300 million a year and could consider higher payments subject to its financial performance. "Evraz benefited from an upswing on the global markets, as well as from ongoing strategic initiatives on cost-cutting and product development," Chief Executive Alexander Frolov said in a statement.
Evraz said that it swung to a net profit in 2017, citing an upswing in global markets as well as the company’s cost-cutting initiatives and product development.
Evraz, Russia's second-biggest steel producer, said on Thursday its 2017 core earnings rose 70 percent year-on-year to $2.6 billion due to higher global prices, beating analysts' estimates. Analysts polled ...
Russian steelmakers ramped up production in 2017, making the most of rising prices and demand after a two-year sector downturn, though some analysts warned that dangers could be lurking around the corner. The country's top two steelmakers NLMK and Evraz this week reported 2017 output up by about 3 percent, with rival Severstal on Friday reporting stable production at a five-year high. TMK, Russia's largest maker of steel pipes for the oil and gas industry, said on Friday that shipments in 2017 were up 10.6 percent year on year.
Russian steelmaker Evraz said on Thursday that its crude steel output had risen by 3.8 percent in 2017 compared to a year earlier, thanks to higher demand and the completion of repairs to some of its blast furnaces. The integrated steel and mining company, part-owned by Chelsea soccer club owner Roman Abramovich, said it produced 14 million tonnes of crude steel in 2017, compared to 13.5 million the previous year. It was aided by stronger demand in North America and the completion in 2016 of capital repairs to blast furnaces at its eastern-most steel mill ZSMK.
NAKHODKA, Russia, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - The far eastern Russian port of Nakhodka on the Sea of Japan is swathed in coal dust. It blankets the streets, clogs the air and is blamed by some for a rise in respiratory diseases among the city's 150,000 residents. Once mainly an entry point for cars from Japan and an export route for Russian wood and fish, Nakhodka has switched in recent years to shipping almost nothing but coal from the vast mines in the Siberian region of Kemerovo, also known as Kuzbass.
A rockfall at a mine operated by Russian steel and mining company Evraz in the Siberian region of Kemerevo has trapped three miners, the local administration said on Wednesday. Evraz, listed on the London ...
Russian steel and coal producer Evraz sees its capital expenditure rising to $700 million in 2018 from $640 million in 2017, it said on Wednesday. Evraz also added it expected its customer focus initiatives ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - Syndicated lending in Central Europe, the Middle East and Africa (CEEMEA) of US$77.8bn in the first three quarters of 2017 is the lowest total for the first nine months in eight years since 2009 and 52.6% lower than US$164bn raised at the same point in 2016. Low volume is due to a lack of refinancing opportunities, strong and competitive bond markets and political volatility - underpinned by persistently low oil prices - which continue to hamper economic growth across the region and curb appetite for new loans. Lending to the Middle East and Russia has seen the steepest declines.
Russian integrated steel and mining company Evraz (LSE: EVR.L - news) reported a doubling in first-half core profits on Thursday and proposed its first dividend since 2014, with results buoyed by higher coking coal and steel prices. Evraz, Russia's top producer of coking coal, said its earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled $1.15 billion in the first six months of the year, up from $577 million a year earlier. Analysts polled by Reuters forecast that Evraz would report EBITDA of $1.15 billion.
Russia's Evraz, the country's second-biggest steelmaker, said on Thursday its core earnings almost doubled in the first half of 2017 to $1.15 billion, on the back of higher coal and steel prices. That ...
Russia's biggest steelmaker NLMK said on Thursday its second-quarter core earnings increased 31 percent year-on-year, supported by higher prices but falling short of market expectations. NLMK, controlled by Russian billionaire Vladimir Lisin, said its earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $603 million in the April-June quarter, up from $460 million in the same period last year. Russian steelmakers such as NLMK and its closest rival, Evraz (LSE: EVR.L - news) , struggled over the past two years as world steel prices plumbed 11-year lows and Russia's economic crisis sapped domestic demand.
A "powerful" cyberattack that started in Ukraine has spread across the world, hitting banks, government IT systems and energy firms. British advertising group WPP said its computer networks in ...
Russian steelmaker Evraz said on Tuesday its information systems had been hit by a cyber attack but its output was not affected. "Our main production sites are continuing work, there is not a threat ...
Russian steelmaker Evraz said on Tuesday that its information systems had been hit by a cyber attack, RIA news agency reported, citing a Evraz representative. A Evraz spokesman was not available for comment ...
** Deutsche Bank turns more positive on CEEMEA metals and mining sector, upgrading Norilsk, Evraz and Severstal ** DB keeps industrial metals, specifically aluminium and zinc, as its top pick, and stays ...
Russia's Evraz, one of the country's largest steelmakers, said on Thursday its first-quarter crude steel output rose 8.7 percent quarter-on-quarter to 3.7 million tonnes. On a year-on-year basis, its production ...
A rise in the value of the rouble could knock Russia's steelmakers, increasing costs in dollar terms and eating into export earnings at a time when the sector is seen benefiting from a nascent economic recovery. Companies including market leader NLMK and its closest competitor Evraz (LSE: EVR.L - news) have struggled over the last two years as world steel prices plumbed 11-year lows and Russia's economic crisis sapped domestic demand.
Russia's Federal Security Service (FSB) is investigating the Moscow office of Alrosa , the world's biggest diamond miner, in relation to non-core asset sales between 2011 and 2013, a source familiar with the matter told Reuters. The state-controlled Russian firm, which is the world's largest producer of rough diamonds in carat terms, and the FSB both declined to comment, while the source did not provide any further details. Together with Anglo American (LSE: AAL.L - news) 's De Beers, Alrosa produces about half the world's rough diamonds.