S.Evraz Highveld slides after H1 loss

[miningmx.com] — EVRAZ Highveld Steel and Vanadium shares dropped 4.8 % to R77 after the steel producer announced it’s first half headline loss of R138m.

The company said the dip in its equity took place after the market closed on Thursday.

It attributated the loss to higher costs of raw materials, energy and production.

The company is a unit of Russia’s Evraz HKIq.L.