In 2013, Evraz could reduce revenue by 6% to $13.9 billion

 Morin, the analyst of Sovlink LLC

The agency has renewed the appraisal of fair price of EVRAZ stocks concerning the market situation in the sphere of prices for raw materials and metal products for 2013 and the renewed macro forecasts. They have to state that unfortunately the year 2013 did not confirm the expectations in the sphere of growth in prices for raw materials and metal products. Due to slowing down in the ratio of the growth of the Russian economy, toughening in competition in the internal and external metal item markets, a growth in production and sales of steel by China, the prices for most of the sorts of the Russian metal products reduced. In average, metal item prices reduced by 10-15% in USD, and metallurgy raw materials prices reduced by 5-10% in USD. At the background of unfavorable price situation, business profitability reduced in most of mining and metallurgy companies due to reduction in profit from metal items sales, and decline in production in some cases.

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