NLMK Group Steel Output Down 10% and Sales by 3% Y-o-Y in CY19

NMLK – one of the leading Russian steelmakers has recently announced its Q4 and annual production results of CY19. The key highlights for results of CY19 are:

1. NMLK’s steel output decreased by 10% Y-o-Y to 15.7 MnT, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased by 3% to 17.1 MnT Y-o-Y, following the decrease in output.

2. Sales to home markets grew to 11.4 MnT by 7% Y-o-Y, driven by growth of demand for finished flat steel and rebar in Russia.

3. Sales to export markets decreased by 15% Y-o-Y to 5.8 MnT, due to a decrease in export sales of billets and lower pig iron sales amid major repairs at NLMK Lipetsk.

NLMK Group is one of the leading international manufacturers of high-quality steel products. Based in Russia, NLMK holds 23% share of Russian steel production.

NLMK Russia steel sales

Fig in MnT

Source: Company reports