Tough steel market sees Evraz earnings slashed

LONDON (ShareCast) – (ShareCast News) – Steelmaker Evraz saw earnings fall by more than a third in its 2015 results on Tuesday, though the FTSE 250 firm still managed to shrink its net loss and net debt during the calendar year.During 2015, the firm saw free cash flow of $799m (£561m), down 21% on 2014’s $1.01bn. Evraz(LSE: EVR.L – news) ‘s net debt was reduced to $5.3bn, from $5.8bn, and the group made cost savings of $374m due to ongoing productivity improv