(Adds length of shutdown, reason, NWR)
PRAGUE, July 1 Czech steel company Evraz
Vitkovice Steel, a unit of Russia's Evraz, has halted
its production line until Aug. 6 because of weak demand, a
spokesman said on Monday.
"The situation on the market still sees the offer above
demand, and the situation is best described by the fact that our
operations are currently running at around 65 percent (of
capacity)," spokesman Jaromir Krisica said.
He added that the company's rolling mill will also go
offline between July 22 and Aug. 5 because of workers' holidays.
Evraz Vitkovice previously halted its primary steel
production for a month in April.
Evraz, which like other Russian steelmakers has been
disposing of assets to manage its debt load, said in April it
might permanently halt smelting capacity at the Czech unit or
sell the entire business.
Speculation in the past month about another production halt
at Evraz has also weighed on Czech hard coal miner New World
Resources , which provides fuel to a major
supplier of Evraz. Its shares were down 0.5 percent on Monday.
But Patria Finance analyst Tomas Sykora said the impact may
not be big.
"During previous stoppages at Evraz in the Czech Republic,
we did not register significantly lower revenue from the sale of
coking coal," he said.
(Reporting by Jan Korselt, writing by Jason Hovet; editing by