Evraz boosting slab supplies from Russia to NA operations

Aug 28, 2014 | 09:59 AM | Michael Cowden

Tags  Evraz, Evraz Nizhny Tagil Mettallurgical Plant, Evraz NTMK, North America, slabs, Buy America, infrastructure, plate pipe and tube

CHICAGO — Evraz Plc’s Nizhny Tagil Metallurgical Plant in Russia (Evraz NTMK) is ramping up slab supplies to the steelmaker’s North American operations.

With Chicago-based Evraz Inc. North America consuming more slab from Evraz NTMK, the Russian steelmaker has been able to reduce its reliance on third-party slab suppliers and cut costs dramatically, according to commentary released with earnings data Aug. 27. For example, Evraz is supplementing melt from its mill in Regina, Saskatchewan, with Evraz NTMK slab as it looks to boost rolling utilization in Regina.....

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