NLMK, one of the leading steel producers of Russia has released 2019 Q2 operational performance results on 15 Jul’19. The highlights are as follows
- The company’s steel output decline by 5% against last quarter. This was primarily due to overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations. This has resulted in reduction of 9% Y-o-Y steel output. Another reason for decrease in output at NLMK Russia was due to low demand for billets in export market.
- Sales declined by 7% against last quarter and 3% on Y-o-Y basis amid reduced output and sales of commercial slabs and billets. The company’s sales for this quarter were recorded at 4,300 MT.
- The domestic market has registered a growth of 11% against last quarter and 12% on Y-o-Y basis. The demand for long and flat products has driven the domestic growth of the company for this quarter.
Semi Finished Products Sales from NLMK Russia
| Particulars | Q2 CY19 | Q1 CY19 | Q-o-Q Growth | Q2 2018 | Y-o-Y Growth |
| Semi Finished Products; Domestic sales | 262 | 167 | 57% | 159 | 65% |
| Semi Finished Products; Export sales | 1,403 | 1,732 | -19% | 1,797 | -22% |
| Billet sales | 78 | 173 | -55% | 157 | -51% |
Fig in 000’MT
Source: Company Reports
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