NLMK Group has published its Q4 2019 and 2019 operating results.
In 2019, steel output decreased by 10% YoY, to 15.7 million tons, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tons, or by 3%, following the decrease in output.
Sales to “home” markets grew to 11.4 million tons (+7%), driven by growth of demand for finished flat steel and rebar in Russia. Russia accounted for 39% in group sales (+6%).
Sales to export markets decreased by 15% YoY, to 5.8 million tons, due to a decrease in export sales of billets and lower pig iron sales amid major repairs at NLMK Lipetsk.
In Q4 2019 steel output grew by 1% QoQ, to 3.8 million tons, driven by growth of production due to the completion of major repairs at NLMK Lipetsk BF and BOF operations. Steel output went down by 13% YoY.
Sales volumes grew by 4% QoQ, to 4.2 million tons, due to increased sales of pig iron.
Sales to “home” markets grew by 1%, to 2.9 million tons, due to higher sales of hot-rolled steel and long products in Russia. The share of Group sales in Russia totaled 43% (+1%).
Sales to export markets reached 1.3 million tons (+2%), as slab supplies were redirected to NBH. (NLMK/Ukrainian metal)