NLMK.L Regulatory News (NLMK)

Investor relations contact:

Dmitriy Kolomytsyn, CFA

+7 (495) 504 0504

ir@nlmk.com

Media relations contact:

Maria Simonova

+7 (915) 322 62 25

simonova_mn@nlmk.com

NLMK Group's Q4 2020 operating performance

Steel output* grew by 1% qoq to 3.9 m t (+3% yoy) following the completion of BOF overhauls at NLMK Lipetsk. NLMK Lipetsk capacity utilization rate remained high at 97%. Russian Long Products capacities were running at 92%. The utilization rate of NLMK's European companies was 84%.

Sales** declined to 4.2 m t (-5% qoq), due mostly to a decrease in slab sales coupled with stocks piling up in ports amid seasonally high load, as the growth in slab production and shipments following the completion of hot-end overhauls occurred at the end of the calendar year. In addition, there was a decline in long product sales due to scheduled repairs and equipment upgrades at NLMK Ural. Year-on-year, steel product sales grew by 1%.

Sales mix: semi-finished product sales declined by 4% qoq to 1.6 m t due to the growth of slab inventories, and the redistribution of slab shipments to NLMK subsidiaries. Sales to third parties declined by 25% qoq to 1 m t, while slab supplies to NBH grew by 89% qoq to 0.6 m t. Finished product sales totalled 2.6 m t (-5% qoq) with lower rebar and coated steel sales vs. a high Q3 base.

Year-on-year, semi-finished product sales to third parties grew by 15%, and by 11% to NBH. Finished steel sales declined by 5%. (Appendix 2).

Sales on 'home' markets* declined by 7% qoq to 2.6 m t (-10% yoy). Sales in the EU grew by 9% qoq to 0.6 m t, driven mostly by HRC amid recovering demand from automotive companies. (Appendix 14).

Sales on export markets* declined by 14% qoq to 1.6 m t due to lower slab sales amid stockpiling. Year-on-year, export sales increased by 21%, supported by higher pig iron shipments.

NLMK Group's 12M 2020 operating performance

Steel output* grew by 1% yoy to 15.8 m t.

Sales** increased by 3% yoy to 17.5 m t.

Sales mix: sales of semi-finished products to third parties grew by 25% yoy to 4.9 m t due to higher pig iron and billet exports. Slab sales to NBH totalled 2.1 m t (flat yoy) (Appendix 2). Finished rolled steel sales declined by 5% yoy to 10.5 m t amid weak demand in April-May 2020 and sales redistribution to semi-finished products.

Sales on 'home' markets* reduced by 6% yoy to 10.7 m t, which was mostly due to lower sales of NLMK USA (Appendix 14). Sales in Russia remained flat year-on-year at 6.7 m t.

Sales on export markets* grew by 17% yoy to 6.8 m t, due mainly to higher pig iron exports to the US, Chinese, and Turkish markets.

*with NBH; ** without NBH

Global prices in Q4 2020:

Average raw material prices:

· Coal price trends on global markets were multidirectional. Australian coking coal prices decreased by 3% qoq (-22% yoy) due to import restrictions from China, as well as better-than-expected weather conditions in Australia. In China, coking coal prices grew by 33% qoq (+2% yoy), driven by a limited supply of raw materials from Australia and Mongolia amid high demand from steel producers. Dollar-denominated coal prices in Russia declined by 5% qoq (-47% yoy). In the second half of the quarter, there was an upward trend in prices against the backdrop of the ruble strengthening, as well as following the news about China's interest in importing Russian grades of coking coal.

· Iron ore prices grew by 12% qoq (+48% yoy), hitting a decade peak, driven by high steel output in China and recovering activity in other key regions. The projected decline in iron ore output by large mining companies served as an additional price support factor.

· Scrap prices in the US and the EU grew by 21% qoq (+31% yoy), driven by higher rolled steel prices, as well as strong demand across export destinations, including Turkey. Scrap collection volumes amid COVID-19 restrictive measures also continued to affect prices. In Russia, dollar-denominated prices increased by 18% qoq (+21% yoy), following global prices, and as a result of a seasonal reduction in scrap supplies.

Average steel product prices:

· The recovery in business activity, coupled with delayed demand due to the COVID-19 pandemic, led to higher prices in all key regions. The high price of the raw materials basket also supported the quotations.

· In Russia, dollar-denominated prices for uncoated flat steel grew by 11% qoq (-3% yoy), rebar prices grew by 13% qoq (+4% yoy).

· Slab prices (FOB Black Sea) increased by 23% qoq (+40% yoy), following the recovery in demand in export markets.

· Average flat steel prices in the US grew by 44% qoq (+34% yoy). Average prices in December grew by 23% month-on-month.

· In the EU countries, dollar-denominated flat steel prices increased by an average of 23% qoq (+29% yoy).

SEGMENTAL PERFORMANCE

NLMK RUSSIA FLAT PRODUCTS1

Q4 2020 performance

Steel output grew by 4% qoq (flat yoy) to 3 m t as overhauls were completed at NLMK Lipetsk BOF operations. (Appendix 9).

Sales in the Segment were down by 3% qoq to 3.2 m t (-2% yoy) due to lower slab sales to third parties as stock in ports increased in December 2020 (Appendix 2).

Sales mix: sales of semis to third parties decreased by 27% qoq to 0.9 m t (+4% yoy), while sales to NLMK Group companies and NBH grew to 0.7 m t (+77% qoq) in order to build sufficient slab stocks at the Group's European facilities ahead of an anticipated recovery in demand in Q1 2021. Year-on-year, sales to NLMK Group companies and NBH were down by 14% due to discontinued slab supplies to NLMK USA.

Finished steel sales decreased by 5% qoq to 1.5 m t (+2% yoy), due mainly to lower pre-painted steel sales as repairs were underway at continuous hot-dip galvanizing lines. (Appendix 3).

Sales markets: sales in Russia stood at 1.2 m t (-5% qoq and yoy) (Appendix 3).

Product exports were down by 2% qoq to 2 m t due to lower slab sales as stocks accumulated in ports. Year-on-year, exports grew by 1%. The main export destinations in Q4 2020 were the EU, Turkey, China, and the US.

12M 2020 performance

Steel output grew by 2% yoy to 12.3 m t (Appendix 9).

Sales in the Segment increased by 7% yoy to 13.4 m t as export sales of pig iron grew, along with hot-rolled steel sales on the Russian market. (Appendix 2).

Sales mix: sales of finished steel reached 6.1 m t (+5% yoy) amid the completion of repairs at NLMK's Hot Strip Mill (Appendix 3).

Sales of semis to third parties went up by 27% yoy to 4.6 m t, driven mainly by higher export sales of pig iron. Sales of semis to NLMK Group and NBH companies totalled 2.7 m t (-12% yoy) due to lower slab demand from NLMK's European companies and suspended slab supplies to NLMK USA.

Sales markets: steel product sales in Russia grew by 6% yoy to 4.9 m t, due mainly to sales of HRC increasing to 1.9 m t (+16% yoy) and high value-added product sales increasing to 2.3 m t (+5% yoy) (Appendix 3). Export sales went up by 8% yoy to 8.4 m t due to higher pig iron sales.

1 NLMK Russia Flat companies include NLMK Lipetsk, VIZ-Steel, and Altai-Koks. Export sales are calculated including the corresponding share of trading companies.

NLMK RUSSIA LONG PRODUCTS2

Q4 2020 performance

Steel output decreased to 0.7 m t (-10% qoq) (Appendix 9) amid routine repairs during a slow season. Year-on-year, output grew by 17% due to increased orders for billet production.

Sales decreased to 0.7 m t (-15% qoq), following the decrease in production. Upgrades and repairs at rolling operations were synched with similar works at NLMK's steelmaking facilities. Year-on-year, sales grew by 1% amid higher export sales of billets (Appendix 4). The share of finished products in total sales was 86% (-3 p.p. qoq, -14 p.p. yoy). Finished product sales went down by 18% qoq to 0.6 m t. Year-on year, sales decreased by 13% due to the high baseline of Q4 2019, when substantial volumes of finished product warehouse stocks were sold.

Sales markets: sales on the Russian market were down by 20% qoq to 0.4 m t, pressured by seasonality and lower production output due to repairs. Year-on-year, sales decreased by 18% due to last year's high baseline (stock levels at 2019 year-end below structural level). The share of sales in Russia was 64% (-4 p.p. qoq, -15 p.p. yoy). Export sales went down by 4% qoq to 0.2 m t. Year-on-year, exports increased by 77% due to billet sales, mainly in Turkey and Egypt.

Scrap: scrap sales remained flat quarter-on-quarter, at 1.4 m t. Year-on-year, scrap sales grew by 55%, due mainly to higher scrap demand from NLMK Kaluga following the increase in billet sales. The bulk of scrap is sold to NLMK Group companies (99%) (Appendix 4).

12M 2020 performance

Steel output went down by 2% yoy to 2.8 m t, as production decreased amid weaker Q2 2020 demand.

Sales went down by 7% yoy to 2.6 m t due to lower demand for long products in 2020 (Appendix 9, Appendix 4).

Sales markets: the share of the Russian market was 66% (-4 p.p. yoy). Sales of long products in Russia went down by 12% yoy to 1.8 m t amid the COVID-19 pandemic.

Export sales increased by 4% yoy to 0.9 m t due to higher billet sales to Turkey, China, and African markets.

Scrap: scrap sales were up by 7% yoy to 4.6 m t, due mainly to stronger scrap demand from the Lipetsk site (Appendix 4).

2 NLMK Russia Long companies include NLMK Ural, NLMK Metalware, NLMK Kaluga, and scrap collecting facilities. Export sales of long products are calculated taking into account the corresponding share of trading companies' sales.

MINING AND PROCESSING OF RAW MATERIALS

Q4 2020 performance

Iron ore output increased by 20% qoq (+9% yoy) to 4.9 m t after the consequences of the Q3 2020 incident at the Stoilensky ore supply conveyor gallery were eliminated (Appendix 12).

Iron ore sales grew by 17% qoq to 4.8 m t (+6% yoy), following production growth. Sales of iron ore to the external market went down by 12% qoq to 139 k t (Appendix 5).

12M 2020 performance

Iron ore output totalled 18.5 m t (flat yoy) (Appendix 12). Investment projects aimed at increasing beneficiation plant productivity offset the impact of lower concentrate output following the Q3 2020 incident.

Iron ore sales remained flat year-on-year at 18.4 m t. Sales of iron ore to third parties totalled 0.8 m t (+57% yoy) (Appendix 5).

NLMK USA

Q4 2020 performance

Sales in the Segment totalled 0.37 m t (+1% qoq). Year-on-year, sales were 22% lower due to low NLMK Pennsylvania capacity utilization rates following a strike and a lack of slabs available for duty-free imports (Appendix 6).

12M 2020 performance

Sales stood at 1.6 m t (-27% yoy) amid lower output and weaker steel consumption in the US due to the consequences of the COVID-19 pandemic. The share of high value-added products in the Segment portfolio was 45% (-1 p.p. yoy) (Appendix 6).

NLMK DANSTEEL

Q4 2020 performance

Sales increased to 0.14 m t (+47% qoq, +11% yoy) as earlier sales were recognized and demand gradually recovered. (Appendix 7).

12M 2020 performance

Sales went down by 1% yoy to 0.52 m t as plate consumption decreased in Q2-Q3 2020 due to the pandemic (Appendix 7).

JOINT VENTURE - NLMK Belgium Holdings (NBH)3

Q4 2020 performance

Sales grew by 19% qoq to 0.55 m t amid recovering flat product demand from automotive companies. Year-on-year, sales were 6% higher (Appendix 8).

12M 2020 performance

Sales decreased by 5% yoy to 2.1 m t due to lower demand for steel products in Q2 2020 amid the COVID-19 pandemic (Appendix 8).

3 NBH assets include producers of plate NLMK Clabecq (Belgium), NLMK Verona (Italy) and producers of strip products NLMK La Louvière (Belgium) and NLMK Strasbourg (France).

Production, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Crude steel production (without NBH)

3.863

3.824

1%

3.749

3%

15.667

15.531

1%

Crude steel production (with NBH)

3.904

3.864

1%

3.778

3%

15.833

15.696

1%

Capacity utilization

96%

97%

-1 p.p.

89%

+7 p.p.

94%

94%

0 p.p.

Sales, m t

Semi-finished steel 5

1.616

1.690

-4%

1.425

13%

6.985

6.013

16%

Finished steel

2.604

2.753

-5%

2.747

-5%

10.535

11.056

-5%

Flat

2.018

2.037

-1%

2.074

-3%

8.215

8.517

-4%

Long and metalware

0.587

0.716

-18%

0.674

-13%

2.320

2.539

-9%

Total consolidated sales

4.220

4.443

-5%

4.172

1%

17.520

17.069

3%

Sales to home markets of the Group 6

62%

60%

+2 p.p.

69%

-7 p.p.

61%

66%

-5 p.p.

Sales to external markets

38%

40%

-2 p.p.

31%

+7 p.p.

39%

34%

+5 p.p.

For information: slab sales to foreign subsidiaries and affiliates

0.728

0.410

77%

0.851

-14%

2.706

3.069

-12%

Segment sales

Russia Flat Products

3.172

3.281

-3%

3.226

-2%

13.355

12.460

7%

Russia Long Products

0.682

0.802

-15%

0.674

1%

2.647

2.850

-7%

Mining

4.819

4.112

17%

4.560

6%

18.415

18.446

0%

NLMK USA

0.370

0.366

1%

0.472

-22%

1.604

2.205

-27%

DanSteel

0.142

0.097

47%

0.128

11%

0.524

0.529

-1%

For information: NBH Sales

0.549

0.461

19%

0.518

6%

2.083

2.185

-5%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Pig iron

0.437

0.389

12%

0.253

73%

1.485

0.510

> 100%

Slabs incl.

1.229

1.314

-6%

1.497

-18%

5.779

6.148

-6%

Slab sales to foreign subsidiaries and affiliates

0.728

0.410

77%

0.851

-14%

2.706

3.069

-12%

to NLMK USA, NLMK DanSteel

0.146

0.102

43%

0.328

-55%

0.610

0.965

-37%

to NBH

0.582

0.308

89%

0.523

11%

2.096

2.104

0%

Hot-rolled steel

0.701

0.680

3%

0.669

5%

2.785

2.506

11%

Cold-rolled steel

0.374

0.411

-9%

0.364

3%

1.524

1.569

-3%

Galvanized steel

0.203

0.229

-11%

0.213

-4%

0.833

0.780

7%

Pre-painted steel

0.082

0.129

-36%

0.113

-27%

0.405

0.419

-3%

Non-grain-oriented steel

0.068

0.066

3%

0.050

36%

0.268

0.253

6%

Grain-oriented steel

0.078

0.064

23%

0.066

18%

0.277

0.274

1%

incl. VIZ-Steel

0.045

0.038

17%

0.035

30%

0.161

0.151

6%

Total products

3.172

3.281

-3%

3.226

-2%

13.355

12.460

7%

Coke sales from Altai-Koks

0.775

0.827

-6%

0.799

-3%

3.253

3.108

5%

incl. to NLMK Lipetsk

0.532

0.585

-9%

0.627

-15%

2.492

2.220

12%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Russian market

1.200

1.269

-5%

1.268

-5%

4.911

4.643

6%

Semi-finished products

0.122

0.106

15%

0.173

-30%

0.693

0.810

-14%

Hot-rolled steel

0.497

0.520

-4%

0.518

-4%

1.923

1.651

16%

Cold-rolled steel

0.270

0.263

3%

0.234

16%

0.977

0.926

6%

Galvanized steel

0.198

0.220

-10%

0.201

-2%

0.794

0.727

9%

Pre-painted steel

0.081

0.128

-36%

0.112

-28%

0.402

0.415

-3%

Non-grain-oriented steel

0.018

0.020

-6%

0.017

7%

0.076

0.071

7%

Grain-oriented steel

0.014

0.012

12%

0.012

10%

0.046

0.043

7%

Export markets

1.972

2.012

-2%

1.958

1%

8.443

7.817

8%

Semi-finished products

1.544

1.596

-3%

1.577

-2%

6.570

5.848

12%

Hot-rolled steel

0.203

0.160

27%

0.151

34%

0.863

0.854

1%

Cold-rolled steel

0.104

0.148

-30%

0.130

-20%

0.547

0.643

-15%

Galvanized steel

0.006

0.008

-30%

0.012

-52%

0.038

0.053

-29%

Pre-painted steel

0.001

0.001

-24%

0.001

68%

0.003

0.004

-31%

Non-grain-oriented steel

0.050

0.047

6%

0.033

50%

0.192

0.182

5%

Grain-oriented steel

0.064

0.052

25%

0.054

19%

0.231

0.231

0%

Total sales

3.172

3.281

-3%

3.226

-2%

13.355

12.460

7%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Billet

0.095

0.086

12%

0.001

> 100%

0.327

0.311

5%

Rebar

0.477

0.579

-18%

0.517

-8%

1.814

1.935

-6%

Sections

0.000

0.013

-98%

0.019

-99%

0.053

0.053

-1%

Wire rod

0.045

0.051

-11%

0.061

-25%

0.197

0.271

-27%

Metalware

0.065

0.074

-13%

0.077

-16%

0.256

0.280

-8%

Total steel products

0.682

0.802

-15%

0.674

1%

2.647

2.850

-7%

Ferrous and non-ferrous scrap, incl.

1.380

1.383

0%

0.892

55%

4.579

4.280

7%

to NLMK Ural

0.482

0.465

4%

0.358

35%

1.687

1.769

-5%

to NLMK Kaluga

0.412

0.392

5%

0.186

> 100%

1.241

1.112

12%

to NLMK Lipetsk

0.467

0.505

-8%

0.325

44%

1.571

1.318

19%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Iron ore concentrate

2.879

2.346

23%

2.544

13%

10.732

10.443

3%

incl. to NLMK Lipetsk

2.749

2.203

25%

2.494

10%

9.933

9.918

0%

Sinter ore

0.253

0.247

2%

0.251

1%

1.004

1.014

-1%

incl. to NLMK Lipetsk

0.244

0.232

5%

0.251

-3%

0.981

1.014

-3%

Pellets

1.687

1.519

11%

1.766

-4%

6.679

6.989

-4%

incl. to NLMK Lipetsk

1.687

1.519

11%

1.695

0%

6.679

6.918

-3%

Total iron ore

4.819

4.112

17%

4.560

6%

18.415

18.446

0%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Hot-rolled steel

0.251

0.207

21%

0.243

3%

0.878

1.176

-25%

Cold-rolled steel

0.050

0.069

-27%

0.109

-54%

0.313

0.454

-31%

Galvanized steel

0.069

0.086

-20%

0.118

-41%

0.408

0.567

-28%

Total NLMK USA 7

0.370

0.366

1%

0.472

-22%

1.604

2.205

-27%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Thick plates

0.142

0.097

47%

0.128

11%

0.524

0.529

-1%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Hot-rolled steel

0.334

0.251

33%

0.298

12%

1.211

1.258

-4%

Cold-rolled steel

0.010

0.005

91%

0.010

4%

0.031

0.040

-22%

Coated steel

0.065

0.074

-11%

0.079

-18%

0.270

0.312

-14%

Total flat steel

0.409

0.330

24%

0.387

6%

1.511

1.610

-6%

Semi-finished (ingots)

0.013

0.011

20%

0.011

22%

0.053

0.056

-5%

Thick plates

0.127

0.120

5%

0.120

6%

0.518

0.519

0%

Total steel products

0.549

0.461

19%

0.518

6%

2.083

2.185

-5%

Output, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

NLMK Lipetsk

2.970

2.864

4%

2.977

0%

12.304

12.012

2%

NLMK Long Products

0.708

0.786

-10%

0.603

17%

2.763

2.817

-2%

incl. NLMK Kaluga

0.349

0.361

-3%

0.215

62%

1.238

1.096

13%

NLMK Indiana (NLMK USA)

0.185

0.173

7%

0.169

9%

0.599

0.702

-15%

NLMK Group (without NBH)

3.863

3.824

1%

3.749

3%

15.667

15.531

1%

for reference

NBH, NLMK Europe (EAF)

0.041

0.040

2%

0.028

45%

0.166

0.165

1%

NLMK Group (with NBH)

3.904

3.864

1%

3.778

3%

15.833

15.696

1%

Production, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Merchant pig iron

0.316

0.389

-19%

0.254

24%

1.468

0.522

> 100%

Merchant slabs

1.164

1.057

10%

1.066

9%

5.000

4.721

6%

Flat steel

2.024

1.957

3%

2.058

-2%

8.200

8.387

-2%

Merchant billets

0.124

0.110

13%

0.021

> 100%

0.370

0.249

49%

Long products

0.506

0.581

-13%

0.514

-1%

2.067

2.204

-6%

Metalware

0.064

0.075

-14%

0.070

-8%

0.260

0.277

-6%

Total products

4.198

4.170

1%

3.983

5%

17.367

16.360

6%

Production, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Merchant pig iron

0.316

0.389

-19%

0.254

24%

1.468

0.522

> 100%

Merchant slabs

1.311

1.160

13%

1.394

-6%

5.610

5.686

-1%

Hot-rolled steel

0.702

0.708

-1%

0.621

13%

2.835

2.435

16%

Cold-rolled steel

0.403

0.369

9%

0.379

6%

1.518

1.566

-3%

Galvanized steel

0.203

0.209

-3%

0.218

-7%

0.834

0.803

4%

Pre-painted steel

0.077

0.106

-27%

0.107

-27%

0.404

0.419

-4%

Non-grain-oriented steel

0.062

0.065

-3%

0.057

9%

0.255

0.249

2%

Grain-oriented steel

0.072

0.066

9%

0.065

10%

0.271

0.266

2%

Total steel products

3.145

3.071

2%

3.095

2%

13.195

11.947

10%

Output, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Coke (dry weight)

1.397

1.415

-1%

1.397

0%

5.698

5.502

4%

NLMK Lipetsk

0.608

0.608

0%

0.613

-1%

2.428

2.430

0%

Altai-Koks

0.788

0.807

-2%

0.784

1%

3.270

3.072

6%

Iron ore

4.920

4.112

20%

4.532

9%

18.511

18.427

0%

Iron ore concentrate

2.836

2.384

19%

2.486

14%

10.686

10.407

3%

Sinter ore

0.252

0.257

-2%

0.263

-4%

1.024

1.013

1%

Pellets

1.832

1.471

25%

1.783

3%

6.801

7.007

-3%

Scrap

0.678

0.660

3%

0.438

55%

2.221

2.165

3%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Semi-finished

1.616

1.690

-4%

1.425

13%

6.985

6.013

16%

Pig iron

0.437

0.389

12%

0.253

73%

1.485

0.510

> 100%

Slabs

1.083

1.215

-11%

1.172

-8%

5.173

5.191

0%

Billets

0.096

0.086

12%

0.001

> 100%

0.327

0.311

5%

Flat steel

2.018

2.037

-1%

2.074

-3%

8.215

8.517

-4%

Plate

0.145

0.097

51%

0.128

13%

0.528

0.529

0%

Hot-rolled steel

0.947

0.887

7%

0.912

4%

3.659

3.681

-1%

Cold-rolled steel

0.424

0.480

-12%

0.473

-10%

1.837

2.013

-9%

Galvanized steel

0.273

0.315

-13%

0.331

-18%

1.241

1.347

-8%

Pre-painted steel

0.082

0.129

-36%

0.113

-27%

0.405

0.419

-3%

Grain-oriented steel

0.078

0.064

23%

0.066

18%

0.277

0.274

1%

Non-grain-oriented steel

0.068

0.066

3%

0.050

36%

0.268

0.253

6%

Long products

0.587

0.716

-18%

0.674

-13%

2.320

2.539

-9%

Long

0.522

0.642

-19%

0.596

-12%

2.064

2.259

-9%

Metalware

0.065

0.074

-13%

0.077

-16%

0.256

0.280

-8%

Total steel products

4.220

4.443

-5%

4.172

1%

17.520

17.069

3%

Sales, m t

Q4 2020

Q3 2020

qoq

Q4 2019

yoy

2020

2019

yoy

Home markets

2.576

2.770

-7%

2.877

-10%

10.692

11.376

-6%

Russia

1.604

1.851

-13%

1.804

-11%

6.669

6.640

0%

USA

0.370

0.366

1%

0.472

-22%

1.604

2.205

-27%

EU

0.601

0.552

9%

0.601

0%

2.419

2.530

-4%

Export markets

1.566

1.827

-14%

1.289

21%

6.769

5.773

17%

Total steel product sales

4.142

4.596

-10%

4.166

-1%

17.461

17.149

2%