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Mar.29.2024 1USD=7.0948RMB
  SteelHome >>Steel>>Market Info>>Special Studies
 
Metalloinvest Announces 2019 Q1 Production Report

https://en.steelhome.com [SteelHome] 2019-05-14 10:03:32

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Management comments

Andrey Varichev, CEO of Management Company Metalloinvest, commented:

“In Q1 2019, sales of pig iron and steel products remained at the same level as in Q1 2018, despite the ongoing implementation of various projects to modernise steel capacities, including the reconstruction of EAF1 facilities and hot tests of the Flexible Modular Furnace at Ural Steel.”

Pig iron and steel products

Production

In Q1 2019, the output of hot metal decreased by 13.9% q-o-q and by 5.3% y-o-y as a result of maintenance works at blast furnaces as well as a decline in internal consumption in line with steel production requirements.

Crude steel production decreased in Q1 2019 by 10.5% q-o-q and by 4.2% y-o-y to 1.2 mn tonnes. This was largely a result of plant reconstruction and hot tests of FMF5 at Ural Steel as well as changes to the product mix at OEMK.

Shipments

The share of HVA6 steel product shipments amounted to 45.6% in Q1 2019 (compared with 39.2% in Q4 2018 and 45.9% in Q1 2018).

In Q1 2019, the share of pig iron and steel product shipments to Russia remained flat at the level of Q4 2018 (29.0% and 29.7% respectively).

In Q1 2019, deliveries to MENA increased by more than double q-o-q and by 43.5% y-o-y (the share of shipments comprised 26.5%), mainly due to increased shipments to clients in Turkey.

Production by product

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Hot metal

642

696

672

676

716

737

785

787

678

-13.9%

Crude steel

1,232

1,141

1,218

1,167

1,237

1,260

1,232

1,324

1,185

-10.5%

Shipments by product

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Pig iron

474

553

518

531

531

542

543

559

532

-4.8%

Steel products, incl.

1,145

1,030

1,147

1,092

1,134

1,174

1,136

1,198

1,126

-6.0%

SEMIS

599

443

573

585

555

581

584

628

554

-11.8%

SEMIS HVA

85

100

86

42

75

81

75

77

102

32.5%

SBQ HVA

238

263

270

249

274

279

269

264

250

-5.3%

Plate

94

75

82

52

59

70

48

100

59

-41.0%

Plate HVA

130

149

136

164

171

164

160

129

161

24.8%

Total shipments, incl.:

1,619

1,583

1,665

1,623

1,665

1,716

1,679

1,757

1,658

-5.6%

Steel products HVA

453

512

492

455

520

524

504

470

513

9.1%

Shipments by region

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Russia

510

419

453

390

421

482

490

522

481

-7.9%

Europe

154

213

298

267

331

299

221

285

166

-41.8%

Asia

83

38

38

111

106

17

88

186

99

-46.8%

MENA

297

292

483

394

306

280

293

205

439

114.1%

Others

575

621

393

461

501

639

586

559

473

-15.4%

Total shipments

1,619

1,583

1,665

1,623

1,665

1,716

1,679

1,757

1,658

-5.6%

OEMK

Production by product

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Pellets

1,015

1,030

1,025

899

993

1,035

1,054

896

1,033

15.3%

DRI

754

703

665

846

825

786

788

823

829

0.7%

Crude steel

887

830

883

881

860

856

846

874

851

-2.6%

Shipments by product

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

DRI

20

25

20

34

34

37

43

32

47

46.9%

Steel products

852

776

849

828

811

817

815

824

805

-2.3%

Total shipments

872

801

870

863

845

854

858

857

852

-0.6%

Ural Steel

Production by product

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Hot metal

642

696

672

676

716

737

785

787

678

-13.9%

Crude steel

346

311

335

286

378

404

386

450

334

-25.8%

Shipments by product  

tonnes '000

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Change

Pig iron

474

553

518

531

531

542

543

559

532

-4.8%

Steel products

293

254

297

264

323

357

320

374

321

-14.2%

Total shipments

767

807

816

795

854

899

863

933

853

-8.6%

Source from Metalloinvest

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