Statement

20.12.2012

Statement

OSTRAVA December 12, 2012. The term for re-start of the temporarily closed steel plant of EVRAZ VÍTKOVICE STEEL, a.s. has been set for January 3, 2013, provided that particular circumstances such as adverse weather conditions do not prevent it.

The reason for the re-start is an agreement on the supply of pig iron by ArcelorMittal Ostrava (AMO) for the period of January and February 2013. “Some media recently reported that the best Christmas gift for employees of the steel plant would be its re-start in January. We are pleased to announce that we have managed to provide such a gift”, says Dmitrij Ščuka, the Chairman of the Board of EVRAZ VÍTKOVICE STEEL, a.s.

At the same time, however, the company reports that it has not yet to obtain the carbon permits required for the operation of the steel plant as of January 1, 2013. Despite company reports of amicable negotiations with the Ministry of Environment, the state of affairs still has not changed. “Based on all the information available about the entire case, the reason why the carbon permits still have not been received is the refusal of individual EU institutions, which insist on their specific way of solving the issue. Its result is unfortunately that we are not entitled to what all other companies are”, says Dmitrij Ščuka.

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Crest Communications Ostrava
Jaromír Krišica
Work cell: +420 603 543 572
press@cz.evraz.com
krisica@cz.evraz.com

EVRAZ VÍTKOVICE STEEL specializes in the production of steel and its subsequent products: thick plates and cut shapes from thick plates. The goal of the company is to continue increasing the sales of products with a high added value, for example, the supply of plates for product pipelines. Thanks to the indispensable support of the Evraz Group and its strong position on the Russian and world markets, the company successfully entered the Russian product pipeline market. In the field of thick plate production, EVRAZ VÍTKOVICE STEEL is the main European manufacturer and the dominant producer in the Czech Republic.

EVRAZ is a leading vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa.Evraz Group S. A. In 2010, the group produced 16.3 million tons of raw steel and sold 15.5 million tons of rolled steel products. Mining assets cover 100% of the company’s own consumption of iron ore and coking steel. In 2010, the consolidated profits reached 13.394 billion USD and the consolidated adjusted EBITDA reached 2.350 billion USD.

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