Evraz saved the status of one of low-cost steel and raw materials producers in Russia

​The prime cost of slabs at the plants of Evraz fell from $266/ton in 2014 to $193/ton in 2015.

Evraz plc with the assets in the Ukraine and Russia on the results of 2015 reduced by almost twice the net loss from $1 bln 278 mln in 2014 to $719 mln in 2015.

Due to the price fall in the metallurgical sector, partially covered by the reduction of expenditure in Russia, Evraz lost 38% of EBITDA against 2014. The consolidated EBITDA made up $1 bln 438 mln.

EBITDA profitability fell by 1.6% and made up 16.4%. A 1.6% fall is explained by the continuation of the program of efficiency rise and marketing initiatives.

The net debt of Evraz in 2015 fell from $5.8 bln in late 2014 to $5.3 bln at the end of 2015. The monetary flow fell from $1 bln in 2014 to $799 mln in 2015.

In 2015 Evraz focused on its competitive advantages in the solution of problems of the modern market, expanding its leadership in the steel products infrastructure all over the world and in the Russian coking coal market. In response to the complicated conditions, Evraz made a presentation of the counter-measures program that provides a continual revenue growth and expenditure fall, CEO of Evraz, A. Frolov said.