Group NLMK (LSE: NLMK, MOEX: NLMK) announces operational results for Q4 and
2019*. Steel production rose 1% QoQ to 3.8 million tons after the completion of capital repairs in the blast furnace and steel production NLMK. The Group's sales grew by 4% QoQ to 4.2 million tonnes.
Key indicators 12 months. 2019:
- steel Production decreased by 10% yoy to 15.7 mln t in connection with the carrying out of major repairs of blast and steel production NLMK. Sales dropped to 17.1 million tonnes (-3% yoy) with the decline of production.
- Selling on the local markets increased to 11.4 million tonnes (+7% yoy) amid rising demand for finished flat rolled and rebar in Russia. Russia's share of total Group sales amounted to 39% (+6 p. p. yoy).
- Sales to export markets decreased by 15% y/y to 5.8 million tonnes due to the reduction in the supply of billets, and lower sales of cast iron on the background of the overhauls the company.
- steel Production increased 1% QoQ to 3.8 million t due to production growth in connection with the completion of capital repairs of the blast and Converter production of NLMK. Steel production compared to Q4 2018 was lower by 13%.
- sales rose 4% QoQ to 4.2 million tonnes due to the increase in sales of cast iron.
- Sales in local markets rose by +1% q/q to 2.9 million tons due to growth in sales of hot-rolled and long products in Russia. The share of Group sales in the Russian market amounted to 43% (+1 p. p. QoQ).
- Sales in export markets amounted to 1.3 million tonnes (+2% QoQ) amid the redirection of supplies slabs to NBH.
Key indicators Q4 2019:
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NLMK_Trading_Update_4Q_2019 RUS.pdf
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NLMK_Operating_Results_4Q_2019 RUS.xlsx
