Home / Press Releases / NLMK Group operating results for Q4 and 12 months. Feb 2020

NLMK Group operating results for Q4 and 12 months. Feb 2020

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NLMK Group (LSE: NLMK, MOEX: NLMK) in 2020 increased sales by 3% yoy to 17.5 mn tons. Steel production increased by 1% yoy to 15.8 mln tons

Key indicators 4Q. 2020:

  • Steel production increased by 1% qoq to 3.9 mt (+ 3% yoy) following the completion of the reconstruction of NLMK's converter production.
  • Sales decreased by 5% qoq to 4.2 mt, with slab sales declining amid rising inventories due to seasonal port workload at the end of the year, as well as a decrease in long products sales due to equipment upgrades. Compared to the same period last year, sales increased by 1% due to an increase in demand for pig iron and billets.
  • Sales on domestic markets amounted to 2.6 million tonnes (-7% qoq; -10 % YoY) amid a decrease in sales of steel products in Russia.
  • Sales in export markets decreased to 1.6 mt (-14% QoQ; + 21% YoY) with a decrease in sales slabs to third parties.

Key indicators 12 mon. 2020:

  • Steel production increased by 1% yoy to 15.8 mt.
  • Sales increased by 3% yoy to 17.5 mln tons due to a 3-fold increase in pig iron sales yoy to 1.5 mln tons amid a decrease in steel production during the reconstruction of NLMK's converter production.
  • Sales on domestic markets decreased by 6 % YoY to 10.7 Mt, mainly due to lower supplies to the US market and sales of long products in Russia.
  • Sales in export markets grew by 17% YoY to 6.8 Mt t, with increased exports of iron and sortovoyzagotovki
. <-! dle_leech_begin -> pdf1.19 MBNLMK_Trading_Update_4Q_2020_ENG.pdf xlsx134.46 KBNLMK_Operating_Results_4Q_2020 RUS.xlsx

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