NLMK Group (LSE: NLMK, MOEX: NLMK) is pleased to announce that in Q3
2020 its steel output grew by 3% yoy to 3.9 m t (flat qoq). Sales
increased by 11% yoy, totalling 4.4 m t (+2 qoq).
Q3 2020 highlights:
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Steel output grew by 3% yoy to 3.9 m t (flat qoq).
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Sales increased by 11% yoy to 4.4 m t, due mainly to higher pig iron
sales to the US, Chinese, and Turkish markets. Quarter-on-quarter,
sales were up by 2%, while the share of finished products in the
sales portfolio grew from 56% to 62%.
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Sales in export markets grew by 42% yoy to 1.8 m t, as shipments of
semis increased. The 10% quarter-on-quarter reduction reflects the
recovery of business activity in Russia and a normalized share of
export sales by the Group’s Russian companies.
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Sales in ‘home’ markets totalled 2.8 m t (-2% yoy), amid a decrease
in demand for slabs for the production of large-diameter pipes on
the Russia market. Quarter-on-quarter, sales grew by 19% due to the
recovery in demand for finished products on the Russian market.
9M 2020 highlights:
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Steel output totalled 11.9 m t (flat yoy).
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Sales grew by 3% yoy to 13.3 m t, driven by a 4x increase in pig
iron sales to 1 m t.
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Sales on ‘home’ markets declined by 4% yoy to 8.1 m t, due mainly to
lower demand in the US market.
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Sales on export markets grew by 16% yoy to 5.2 m t, supported by
increased exports of pig iron and slabs to third parties.
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(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |