EVR Evraz Plc

 

TIDMEVR 
 
RNS Number : 3377V 
Evraz Group S.A. 
01 November 2010 
 

      Evraz Vitkovice Steel reaches agreement with ArcelorMittal Ostrava 
                       over the supply of liquid pig iron 
 
1 November 2010 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that its 
subsidiary in the Czech Republic, Evraz Vitkovice Steel ("EVS"), has reached an 
agreement with ArcelorMittal Ostrava over the supplies of liquid pig iron from 
ArcelorMittal Ostrava ("AMO") to the steelmaking facilities of EVS. 
 
The agreement is based on a price formula that both sides consider mutually 
acceptable. The agreement will cover approximately the next five quarters. The 
supply of pig iron from ArcelorMittal Ostrava to Evraz Vitkovice Steel will 
resume in early November 2010. The new agreement implies the annual minimum set 
at the level of 550,000 tonnes. As such, AMO's supplies will cover about 80% of 
EVS's requirements. Part of EVS rolling needs will still be met by the supply of 
slabs from Evraz's NTMK plant in Russia with the remaining portion acquired from 
other suppliers in Slovakia, Ukraine, Turkey and other countries. 
 
Evraz Vitkovice Steel has already started preparation of its steelmaking 
facilities for re-launch. 
 
Evraz Vítkovice Steel is a leading European manufacturer of rolled steel 
products located in Ostrava, Czech Republic. It is one of Europe's top producers 
of heavy plates and is the only plate producer in the Czech Republic. Production 
capacity of its steel plant is 965,000 tonnes, plate mill - 755,000 tonnes per 
annum. 
 
                                      ### 
 
 
For further information: 
 
Media contact: 
Alex Agoureev 
 VP, Public Relations 
+7 985 
122 4822 
media@evraz.com 
 
Investor contact: 
 Alexander Boreyko 
 Director, Investor Relations 
 +7 
495 232 1370 
ir@evraz.com 
 
 
 
 
 
 
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium 
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada 
and South Africa. The Company was ranked the 14th largest steel producer in the 
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's 
internal consumption of iron ore and coking coal is covered by its mining 
operations. Evraz's consolidated revenues for the six months ended 30 June 2010 
were US$6,379 million and consolidated adjusted EBITDA amounted to US$1,554 
million. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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