MOSCOW, January 15 (RIA Novosti) - Evraz Group [LSE: EVR] increased its steel production in 2006 by 16.3% year-on-year, to 16.115 million metric tons, Russia's leading steel and mining company said Monday.
Production of cast iron rose 11.4% to 12.754 million tons, and rolled products production grew 19.6% to 14.457 million tons.
Evraz, a leading vertically-integrated mining company, comprises three major steel mills and several mining and coal-producing assets. It produces more than 20% of the world's primary vanadium products.
The group recently acquired Portland-based company Oregon Steel Mills for $2.3 billion, one of the biggest purchases in the United States by a Russian company.
Russian billionaire Roman Abramovich, best known abroad as the owner of Chelsea FC, holds a 41% stake in Evraz.
