Last year, Evraz suffered $1,26 bn of losses (against $1.8 bn of net profit in 2008),
the revenue falling by 52 per cent down to $8.77 bn, EBITDA — by 80 per cent down to $1.24 bn, and profitability amounting to 13 per cent against Severstal’s 16 per cent.
This year, the company pins hopes on Chinese demand and its own newly obtained raw material assets.