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Aug.18.2019 1USD=7.0312RMB
  SteelHome >>Steel>>Market Info>>Special Studies
 
NLMK Announces Q2 2019 and 6M 2019 Operation Report

http://en.steelhome.cn [SteelHome] 2019-07-18 11:10:20

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Q2 2019 highlights

Steel output decreased by 5% qoq to 4 m t due to the launch of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations. A 9% yoy steel output reduction is also attributable to this factor.

Sales declined by 7% qoq to 4.3 m t (-3% yoy), driven mainly by reduced output and sales of commercial slabs and billets. This resulted in a 2 p.p. qoq increase in the share of HVA products in total sales volume (+1 p.p. yoy).

Sales to “home” markets grew by 11% qoq (+12% yoy) to 3 m t, supported by the seasonal growth in demand for long and flat products in Russia. The share of Group sales to “home” markets increased to 71% (+14 p.p. qoq, +9 p.p. yoy).

Group sales to export markets dropped to 1.2 m t (-40% qoq; -26% yoy). Export reduction was due to lower export sales of semi-finished products against the backdrop of overhauls at NLMK Lipetsk.

6M 2019 highlights

Steel output decreased by 6% yoy to 8.2 m t due to the launch of overhauls at NLMK Lipetsk BF and BOF operations.

Sales grew by 4% yoy to 8.9 m t, driven by higher demand for finished steel on the Russian market, and due to destocking of inventories accumulated at 2018 year-end at the beginning of the year. The share of HVA products increased by 1 p.p. yoy.

Sales to “home” markets grew to 5.6 m t (+7% yoy) due to increased demand for finished long products on the Russian market. The Group’s export sales grew by 1% yoy to 3.2 m t.

NLMK Group KEY OPERATING DATA

Production, m t

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Q2 2019

QoQ

YoY

Crude steel production (without NBH)

4.269

4.326

4.377

4.314

4.128

3.940

-5%

-9%

Crude steel production (with NBH)

4.326

4.382

4.421

4.364

4.183

3.992

-5%

-9%

Capacity utilization (with NBH)

99%

99%

99%

98%

96%

98%

+2 pp

-2 pp

Sales, m t

Semi-finished steel

1.643

1.651

1.512

2.023

1.779

1.521

-15%

-8%

Finished steel

2.503

2.733

2.906

2.620

2.835

2.747

-3%

1%

Flat

1.948

2.251

2.169

1.980

2.239

2.109

-6%

-6%

Longs and metalware

0.556

0.482

0.737

0.640

0.595

0.638

7%

32%

Total consolidated sales

4.146

4.384

4.418

4.643

4.614

4.268

-7%

-3%

Sales to local markets of the Group 3

62%

62%

63%

54%

56%

71%

+15 pp

+9 pp

Sales to external markets

38%

38%

37%

46%

44%

29%

-15 pp

-9 pp

For information: slab sales to subsidiaries and affiliates

1.254

1.118

0.956

0.954

0.735

0.933

27%

-17%

Segment sales

NLMK Russia Flat

3.338

3.433

3.189

3.557

3.403

3.055

-10%

-11%

NLMK Russia Long

0.770

0.639

0.934

0.841

0.768

0.715

-7%

12%

Raw material mining and processing

4.510

4.518

4.597

4.751

4.589

4.513

-2%

0%

NLMK USA

0.553

0.638

0.590

0.504

0.601

0.584

-3%

-8%

Dansteel

0.142

0.137

0.121

0.120

0.146

0.137

-6%

0%

For information: NBH Sales

0.640

0.578

0.472

0.540

0.513

0.618

20%

7%

NLMK Group SALES

Sales, m t

Q1 2018

Q2 2018

Q3 2018

Q4 2018

Q1 2019

Q2 2019

QoQ

YoY

Semi-finished

1.643

1.651

1.512

2.023

1.779

1.521

-15%

-8%

Pig iron

0.258

0.201

0.142

0.295

0.047

0.156

230%

-22%

Slabs

1.170

1.293

1.172

1.527

1.559

1.288

-17%

0%

Billet

0.215

0.157

0.198

0.201

0.173

0.078

-55%

-51%

Flat steel

1.948

2.251

2.169

1.980

2.239

2.109

-6%

-6%

Plate

0.142

0.137

0.121

0.120

0.146

0.137

-6%

0%

Hot-rolled steel

0.833

1.036

0.875

0.827

1.016

0.901

-11%

-13%

Cold-rolled steel

0.441

0.491

0.516

0.476

0.509

0.498

-2%

2%

Galvanized steel

0.305

0.336

0.379

0.325

0.348

0.331

-5%

-2%

Pre-painted steel

0.087

0.101

0.128

0.111

0.089

0.100

12%

-1%

Transformer steel

0.068

0.073

0.069

0.070

0.071

0.074

4%

1%

Dynamo steel

0.072

0.077

0.079

0.053

0.061

0.068

12%

-12%

Long products

0.556

0.482

0.737

0.640

0.595

0.638

7%

32%

Long

0.494

0.426

0.664

0.578

0.526

0.570

8%

34%

Metalware

0.062

0.056

0.073

0.062

0.069

0.068

-2%

22%

Total steel products

4.146

4.384

4.418

4.643

4.614

4.268

-7%

-3%

Source from NLMK


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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