Russia's Evraz 2015 core earnings down 39 pct

Evraz (LSE: EVR.L - news) , one of Russia's largest steel producers, said on Tuesday its core earnings fell 39 percent in 2015 due to lower prices for its products, partially offset by a weaker rouble. Evraz and other Russian steel producers have been supported by the weaker rouble reducing costs in dollar terms and making exports more profitable, but were hit by a drop in global steel prices which fell by a third last year. Evraz's earnings before interest, taxation, depreciation and amortisati