According to report, Russian Evraz said it would raise the output of its European steelmaking division in the first quarter.
As its Italian mill Palini e Bertoli, which has been stopped production since August 31, it would be kept closed in the first quarter as the demand of the market remains weak.
Its Q4 production dropped by 34% from the previous quarter, due to the shutdown at the Italian mill as well as the maintenance at Vitkovice facilities in Czech. Total quantities produced were 114000 tons in Q4.
The company's total output was 792,000 tons in 2013, decreased from 1.03 million tons in 2012.