In Q3 steel output grew by 1% QoQ, to 4.4 million tons and was flat YoY; capacity utilization rate remained high at 99%. Group sales in Q3 increased by 1% QoQ and by 4% YoY, to 4.4 million tons.
Sales totaled 4.4 million tons (+1% QoQ). This growth was supported by the increase in long steel sales as previously accumulated stocks were being sold off. The share of finished products in group sales grew by 4% QoQ to 66%. Sales grew by 4% YoY, driven mainly by the growth of semi-finished product and long steel sales.
Group sales on home markets accounted for 63% (+1% QoQ, but -4% YoY) in total sales.
Steel output in January-September grew by 3% YoY, to 13.1 million tons, driven by the growth in output at the group’s Russian and American sites as a result of the uptick in demand.
Group sales totaled 13 million tons, up by 7% YoY, due to the growth of semi-finished product and long steel sales to third parties.
Group sales on home markets accounted for 63% (-2%) in total sales. (NLMK/Ukrainian metal)