Group NLMK (LSE: NLMK, MOEX: NLMK) increased steel output by 11% QoQ
to 4.2 million tons after the completion of the first stage of capital repairs in the blast furnace and steel production NLMK. Sales of the Group increased by 8% QoQ to 4.5 million tonnes.*
Key indicators Q1 2020:
- Production of steel increased by 11% QoQ to 4.2 million tonnes when completed in Q4 2019 capital repairs of blast furnace and Converter production of NLMK. Steel production in comparison with the Q1 2019 was higher by 1%.
- sales Volume rose 8% QoQ to 4.5 million tons due to the increase of sales of semi-finished products and products with high added value. Sales were less than 2% yoy on the back of high base related to the implementation at the beginning of last year, previously accumulated stocks.
- Sales to domestic markets increased by 4% QoQ to 3 million tons due to growth in sales of billet for the production of oil and gas pipes in Russia. The share of the Group's sales in the home markets amounted to 68% (-1 PPT QoQ).
- Sales in export markets amounted to 1.4 million tonnes (+7% QoQ) amid higher sales volumes of finished products with high added value in Turkey and EU countries.
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NLMK_Trading_Update_1Q_2020_RUS.pdf
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NLMK_Operating_Results_1Q_2020 RUS.xlsx
