Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.
  • TickerEVR
  • ISINGB00B71N6K86
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryUnited Kingdom

Moody's announces completion of a periodic review of ratings of EVRAZ plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of EVRAZ plc. Global Credit Research- 12 Aug 2020. London, 12 August 2020-- Moody's Investors Service has completed a periodic review of the ratings of EVRAZ plc and other ratings that are associated with the same analytical unit.

Boris Krasnozhenov ...
  • Yulia Tolstykh

Evraz PLC: Solid results despite fierce market conditions

We revisited our EVRAZ model post 1H20 IFRS results announcement with updated steel price assumptions and capex outlook. We expect the company to demonstrate lower EBITDA in FY20e on back of weaker steel prices and overall downturn in the coal and vanadium markets. However, we remain confident in the long-term fundamentals of EVRAZ. The company supplies 46% and 68% of rail market in North America and Russia, while holding the position of the top construction products supplier in the domestic ...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Debt Markets Today - August 7, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds extended their rally yesterday. Long-dated paper outperformed, adding 1.4-1.6 pp. Prices in the middle of the curve rose 0.4-0.6 pp. GOVERNMENT DEBTTrading was flaccid in the OFZ market yesterday as the summer lull continues. Volumes dropped to a minor R7 bln. Ruble weakening made itself felt, and yields rose 2-5 bps in the middle and at the long end of the curve.STORIES> Russian inflation accelerates to 3.4% y-o-y in July> Evraz posts in-line 1H20 IFRS results, seeing good domestic steel demand> TCS Group: Good 2Q20 results, Eurobond placement be...

Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Andrey Krylov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - 7 августа 2020

КОММЕНТАРИЙ И ПРОГНОЗ - ГЛОБАЛЬНЫЕ ИНДИКАТОРЫ СНИЗИЛИСЬ НА ФОНЕ ПОСЛЕДНЕГО ОБОСТРЕНИЯ АМЕРИКАНО-КИТАЙСКИХ ОТНОШЕНИЙ Индекс РТС вчера упал на 1,0% до 1 282 пунктов, показав один из самых слабых результатов вчерашних торгов на глобальных рынках. Впрочем, относительно предыдущей недели российский рынок все равно продемонстрировÐ...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Долговые рынки сегодня - 7 августа 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГНа рынке российских суверенных еврооблигаций продолжается ралли. Длинные выпуски подорожали еще на 1,4-1,6 п. п., среднесрочные - в пределах 0,4-0,6 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИВ период летних отпусков объем торгов на рынке ОФЗ сократился до минимумов и составил 7 млрд руб. Ослабление рубля способÑ...

Jérôme VINERIER

Short term view - EVRAZ PLC : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 581.90 p. Breaking below the support at 454.30 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - EVRAZ PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 581,90 p. La rupture du support à 454,30 p invaliderait cette tendance.

Jérôme VINERIER

Short term view - EVRAZ PLC : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 581.90 p. Breaking below the support at 454.30 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - EVRAZ PLC : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 581,90 p. La rupture du support à 454,30 p invaliderait cette tendance.

Jérôme VINERIER

Medium term view - EVRAZ PLC : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at 295.70 p.

3 directors sold

Three Directors at Evraz Group S.A. sold 13,632,750 shares at 635p. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Boris Krasnozhenov ...
  • Yulia Tolstykh

Evraz PLC: Solid results despite fierce market conditions

We revisited our EVRAZ model post 1H20 IFRS results announcement with updated steel price assumptions and capex outlook. We expect the company to demonstrate lower EBITDA in FY20e on back of weaker steel prices and overall downturn in the coal and vanadium markets. However, we remain confident in the long-term fundamentals of EVRAZ. The company supplies 46% and 68% of rail market in North America and Russia, while holding the position of the top construction products supplier in the domestic ...

Yulia Tolstykh

Evraz PLC: 1H20 IFRS review: EBITDA 5.8% above consensus, 4.7% 1H20 dividend yield–POSITIVE

EVRAZ (EVR: LN; O/W; TP £6.5/share) issued its 1H20 IFRS financial results, beating the consensus on EBITDA by 5.8%. The company delivered positive free cash flow (FCF) of $315mn in 1H20. The company recommended 1H20 dividends equivalent to 91% of 1H20 FCF. The dividend recommendation implies a 4.7% dividend yield with the record date set for 21 August. The news is positive for the stock, in our view, taking into account the significant drop in steel prices due to the coronavirus pandemic. EV...

Alexey Kirichok ...
  • Irina Lapshina
  • Vladimir Lezhnev

Evraz - 2Q20 Trading Update In-Line; Earnings Preview

Evraz has published a 2Q20 trading update that was slightly ahead of our expectations on steel sales volumes and in line on coking coal volumes, which were low. We have slightly raised our 1H20 EBITDA estimate to $1.05 bln. Assuming a 5-10% rise in steel prices from spot levels and a normalization in the sales mix over the remainder of this year and next, the stock is trading at a 2021E EV/EBITDA of around 4.0 and a 2021E LFCF yield of 14%.> Pickup in Russian steel sales volumes driven by boost in exports. The external steel product sales volumes of the Russian division grew 8% Q-o-Q to a reco...

Boris Krasnozhenov ...
  • Yulia Tolstykh

Evraz PLC: Q2 20 trading update – Positive

EVRAZ (EVR:LN; O/W; TP £6.5/share) reported its’ 2Q20 operational results, which was positive amid the coronavirus outbreak. Crude steel production decreased 5% q/q due to capital repairs at EVRAZ ZSMK and EVRAZ NTMK. Overall, steel products sales rose 5% q/q boosted by demand for slabs and billets, for which sales increased by 20% q/q. We also note the 26% q/q increase in iron ore shipments. Overall sales of finished products decreased by 7% q/q. In terms of finished steel products, 1H20 sa...

MarketLine Department

Mechel - Mergers & Acquisitions (M&A), Partnerships & Alliances And Investments

Summary Marketline's Mechel Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mechel since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This rep...

Expert Corporate Governance Service (ECGS)

Evraz Group – AGM 16 june 2020

Items 2 and 3: Remuneration policy and report   The remuneration policy is set for the only executive director - the CEO. Mr. Frolov is one of the controlling shareholders of the company and the current remuneration policy is tailored for his particular case. He does not benefit from any LTI. His base salary and bonus maximum opportunity are above our limits, however, the overall remuneration is acceptable. Evraz operates robust performance targets with an average bonus payout of 42% since 2013.   Item 12: Re-elect Sir Michael Peat   Senior Independent Director and member of the Remunera...

Moody's announces completion of a periodic review of ratings of EVRAZ plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of EVRAZ plc. Global Credit Research- 12 Aug 2020. London, 12 August 2020-- Moody's Investors Service has completed a periodic review of the ratings of EVRAZ plc and other ratings that are associated with the same analytical unit.

EVRAZ plc: Update following change of outlook to stable

Our credit view of EVRAZ plc, reflecting its fairly strong financial metrics, balanced financial policy and healthy liquidity.

BCS Fixed Income Daily: Alrosa, Belarus, Evraz

Resurgent growth angst Ahead: Mixed play. The successful trial of a potential COVID-19 treatment is again likely to take a backseat to signs that a 2nd wave of the COVID-19 pandemic has resurfaced (e.g., in China, US). In turn, the threat of new lockdowns and a consequent drag on an economic recovery will weigh on sentiment. Against this backdrop, players will be cautious ahead of the US jobless claims report – a 2nd wave of COVID is expected to have kept the print elevated, pointing to a protracted difficult recovery. On a mixed note, China’s PBoC has signaled intent to keep liquidity a...

Moody's changes Evraz's outlook to stable; affirms ratings

Rating Action: Moody's changes Evraz's outlook to stable; affirms ratings. Global Credit Research- 17 Jun 2020. London, 17 June 2020-- Moody's Investors Service has today changed to stable from positive the outlook of EVRAZ plc.

BCS Fixed Income Daily: Norilsk Nickel, Evraz

Eyes on US Fed Ahead: Anticipatory uptick, if only – Optimism has limits. Expect a modicum of select buying the dip as well as some wading in by Fed-largess believers. Indeed, players remain generally optimistic in the prospects of a ‘U’-shaped recovery, and some Fed watchers anticipate yet more verbiage from Chair Powell to ‘do everything it takes’ to ensure stability. However, optimism has its limits – a dour tone from Powell on the outlook for US and global growth and/or an inadequate response to combatting the COVID-triggered economic downtown would sour the risk trade. M...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Debt Markets Today - August 7, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds extended their rally yesterday. Long-dated paper outperformed, adding 1.4-1.6 pp. Prices in the middle of the curve rose 0.4-0.6 pp. GOVERNMENT DEBTTrading was flaccid in the OFZ market yesterday as the summer lull continues. Volumes dropped to a minor R7 bln. Ruble weakening made itself felt, and yields rose 2-5 bps in the middle and at the long end of the curve.STORIES> Russian inflation accelerates to 3.4% y-o-y in July> Evraz posts in-line 1H20 IFRS results, seeing good domestic steel demand> TCS Group: Good 2Q20 results, Eurobond placement be...

Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Andrey Krylov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - 7 августа 2020

КОММЕНТАРИЙ И ПРОГНОЗ - ГЛОБАЛЬНЫЕ ИНДИКАТОРЫ СНИЗИЛИСЬ НА ФОНЕ ПОСЛЕДНЕГО ОБОСТРЕНИЯ АМЕРИКАНО-КИТАЙСКИХ ОТНОШЕНИЙ Индекс РТС вчера упал на 1,0% до 1 282 пунктов, показав один из самых слабых результатов вчерашних торгов на глобальных рынках. Впрочем, относительно предыдущей недели российский рынок все равно продемонстрировÐ...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Долговые рынки сегодня - 7 августа 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГНа рынке российских суверенных еврооблигаций продолжается ралли. Длинные выпуски подорожали еще на 1,4-1,6 п. п., среднесрочные - в пределах 0,4-0,6 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИВ период летних отпусков объем торгов на рынке ОФЗ сократился до минимумов и составил 7 млрд руб. Ослабление рубля способÑ...

Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Andrey Krylov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - August 7, 2020

MARKET COMMENT - GLOBAL INDICATORS WEAKENED AFTER LATEST US/CHINA SALVOSRussia was among the day's poorest performers in an opposite scenario to the day before. The RTS declined 1.0% to 1,282. This trimmed the market's gains over the past week to 4.1%, versus 2.3% for the EM benchmark. A renewed decline in the ruble drove much of the underperformance, the currency falling 0.9% between the last two Moscow closes. Brent declined 1.0% in the same time frame.STORIES> Oil stock underperformance: Tailwinds difficult to ignore> Retail investor statistics: Equity inflow slows in July> EM equity outflo...

Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Vladimir Lezhnev

Debt Markets Today - August 3, 2020

CIS EUROBOND MARKETThroughout last week, Russian sovereign Eurobonds mainly traded sideways. The same held true on Friday, though the Russia 47 managed a 0.8 pp gain and the Russia 42 added on 0.6 pp.GOVERNMENT DEBTThe OFZ market remained very quiet on Friday, with trading volumes totaling just R9 bln. Quotes were virtually flat, except at the very end of the curve, where the OFZ 26233 and OFZ 26230 shed 2-3 bps in yield.STORIES> O1 Properties issues update on debt restructuring> TCS 2Q20 IFRS preview: Good quarter, all things considered> VTB 2Q20 IFRS preview: Minimal earnings> Evraz: 2Q20 tr...

Thanks to a better fundamental star rating, EVRAZ PLC. sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to EVRAZ PLC. (GB), active in the Steel industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 26, 2020, the closing price was GBp 290.00 and its expected value was estimated at GBp 280.93.

Philip Morrish

Value Indicator - UK Basic Resources 30122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis fof the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

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Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Basic Resources 23122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with longer-term target prices.

Philip Morrish

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Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

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