|
Q1 2019 GROUP HIGHLIGHTS
·
Hot metal output increased 6% q/q in Q1 2019 to 2.36 mln tonnes (Q4
2018: 2.23 mln tonnes) following short-term maintenance works at BF#2 in
the previous quarter. Crude steel production grew to 3.04 mln tonnes (Q4
2018: 2.94 mln tonnes) reflecting an increase in pig iron production and
production growth of EAF billets.
·
Consolidated steel product sales increased 3% q/q to 2.83 mln tonnes in
Q1 2019 (Q4 2018: 2.76 mln tonnes), following short-term maintenance
works at rolling-mill facilities in the previous quarter and an increase
in productivity of aggregates. The share of domestic sales rose to 65%
due to their increased attractiveness of domestic sales (Q4 2018: 62%).
·
The share of high value-added (HVA) products within the sales portfolio
remained flat at 44% (Q4 2018: 44%), driven by a decline in sales of
semi-finished products, which was offset by higher sales of galvanised,
colour coated and hot rolled thick plate.
·
Coking coal concentrate sales volumes from Vorkutaugol declined 1% due
to long-wall repositionings at Vorgashorskaya, Zapolyarnaya and
Komsomolskaya mines, but remained at historically high levels reflecting
the high production rate.
·
Iron ore pellet sales declined 4% to 2.83 mln tonnes (Q4 2018: 2.94 mln
tonnes) as a result of lower production volumes in Q1 2019 and a stock
sell-off in the previous quarter.
SUMMARY OF KEY PRODUCTION, SALES VOLUMES
|
Production, thousands of tonnes |
Q1 2019 |
Q4 2018 |
Change, % |
Q1 2019 |
Q1 2018 |
Change, % |
|
Crude Steel (Russian Steel) |
3,044 |
2,941 |
4% |
3,044 |
3,033 |
0% |
|
Hot metal (Russian Steel) |
2,363 |
2,233 |
6% |
2,363 |
2,347 |
1% |
|
Sales volumes, thousands of tonnes |
Q1 2019 |
Q4 2018 |
Change, % |
Q1 2019 |
Q1 2018 |
Change, % |
|
Coking coal concentrate |
1,031 |
1,043 |
-1% |
1,031 |
628 |
64% |
|
Iron ore pellets |
2,832 |
2,943 |
-4% |
2,832 |
2,377 |
19% |
|
Iron ore concentrate |
1,301 |
1,430 |
-9% |
1,301 |
1,292 |
1% |
|
Total steel products (Consolidated) |
2,832 |
2,755 |
3% |
2,832 |
2,864 |
-1% |
|
Total steel products (Russian Steel) |
2,843 |
2,766 |
3% |
2,843 |
2,874 |
-1% |
SEVERSTAL’S CONSOLIDATED SALES (NET OF INTERCOMPANY SALES)
|
Sales volumes, thousands of tonnes |
Q1 2019 |
Q4 2018 |
Change, % |
Q1 2019 |
Q1 2018 |
Change, % |
|
Coal: |
532 |
544 |
-2% |
532 |
404 |
32% |
|
Coking coal concentrate |
157 |
169 |
-7% |
157 |
46 |
n/a |
|
Steam coal |
375 |
375 |
0% |
375 |
358 |
5% |
|
Iron ore: |
1,656 |
2,128 |
-22% |
1,656 |
1,441 |
15% |
|
Iron ore pellets |
1,302 |
1,871 |
-30% |
1,302 |
1,188 |
10% |
|
Iron ore concentrate |
354 |
257 |
38% |
354 |
253 |
40% |
|
Semi-finished products |
121 |
157 |
-23% |
121 |
256 |
-53% |
|
Rolled products: |
2,311 |
2,185 |
6% |
2,311 |
2,166 |
7% |
|
Hot-rolled coil |
1,102 |
1,017 |
8% |
1,102 |
963 |
14% |
|
Hot-rolled plate |
233 |
210 |
11% |
233 |
198 |
18% |
|
Cold-rolled coil |
275 |
296 |
-7% |
275 |
389 |
-29% |
|
Galvanised and metallic coated coil |
237 |
207 |
14% |
237 |
198 |
20% |
|
Colour coated coil |
102 |
97 |
5% |
102 |
67 |
52% |
|
Long products |
362 |
358 |
1% |
362 |
351 |
3% |
|
Downstream products: |
400 |
413 |
-3% |
400 |
442 |
-10% |
|
Metalware products |
126 |
136 |
-7% |
126 |
128 |
-2% |
|
Large diameter pipes |
97 |
107 |
-9% |
97 |
119 |
-18% |
|
Other tubes, pipes, formed shapes |
177 |
170 |
4% |
177 |
195 |
-9% |
SEVERSTAL RUSSIAN STEEL (‘RSD’)
|
Sales volumes, thousands of tonnes |
Q1 2019 |
Q4 2018 |
Change, % |
Q1 2019 |
Q1 2018 |
Change, % |
|
Total steel products |
2,843 |
2,766 |
3% |
2,843 |
2,874 |
-1% |
|
Semi-finished products |
121 |
157 |
-23% |
121 |
256 |
-53% |
|
Rolled products |
2,322 |
2,194 |
6% |
2,322 |
2,176 |
7% |
|
Hot-rolled coil |
1,102 |
1,017 |
8% |
1,102 |
963 |
14% |
|
Hot-rolled plate |
233 |
210 |
11% |
233 |
198 |
18% |
|
Cold-rolled coil |
275 |
296 |
-7% |
275 |
389 |
-29% |
|
Galvanised and metallic coated coil |
237 |
207 |
14% |
237 |
198 |
20% |
|
Colour coated coil |
102 |
97 |
5% |
102 |
67 |
52% |
|
Long products |
373 |
367 |
2% |
373 |
361 |
3% |
|
Downstream products |
400 |
415 |
-4% |
400 |
442 |
-10% |
|
Metalware products |
126 |
137 |
-8% |
126 |
128 |
-2% |
|
Large diameter pipes |
97 |
107 |
-9% |
97 |
119 |
-18% |
|
Other tubes, pipes, formed shapes |
177 |
171 |
4% |
177 |
195 |
-9% |
|
Sales price, $/tonne |
Q1 2019 |
Q4 2018 |
Change,% |
Q1 2019 |
Q1 2018 |
Change, % |
|
Semi-finished products |
423 |
444 |
-5% |
423 |
428 |
-1% |
|
Hot-rolled coil |
494 |
526 |
-6% |
494 |
551 |
-10% |
|
Hot-rolled plate |
635 |
683 |
-7% |
635 |
741 |
-14% |
|
Cold-rolled coil |
592 |
611 |
-3% |
592 |
626 |
-5% |
|
Galvanised and metallic coated coil |
709 |
735* |
-4% |
709 |
734 |
-3% |
|
Colour coated coil |
849 |
899 |
-6% |
849 |
899 |
-6% |
|
Long products |
449 |
452 |
-1% |
449 |
496 |
-9% |
|
Metalware products |
948 |
958 |
-1% |
948 |
1,013 |
-6% |
|
Large diameter pipes |
1,008 |
982 |
3% |
1,008 |
1,284 |
-21% |
|
Other tubes, pipes, formed shapes |
568 |
561 |
1% |
568 |
602 |
-6% |
Source from
Severstal |
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