Claymont Steel owner Evraz posts loss

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Steelmaker Evraz reported a loss of $122 million in the first half of  this year, compared to a loss of  $46 million during the same period a year earlier Revenue declined to $7.4 billion from $7.6 billion a year earlier.

Evraz owns Evraz Claymont Steel, a mini mill in northern Delaware that produces  plate from recycled steel from cars and other products. The company is based in London, but reports financial results in U.S. Dollars.

The company is based in London, but has much of its steel, iron ore mining and coking coal  operations in Russia. It  has bought a number of steelmakers in the U.S. and Canada.

The company cited a difficult market for steel in 2013. It laid off  60 workers at Claymont Steel earlier in the year.

 

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