17 Jan 2018 13:00
Press release
17 January 2018
Q4 AND 12M 2017 NLMK GROUP TRADING UPDATE*
In 2017, NLMK Group steel output increased by 3% yoy to 17.1 m t. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 m t, which is 3% higher than in 2016.
12M 2017 highlights:
· Steel output increased to 17.1 m t (+3% yoy) due to the growth in productivity of main equipment.
· Group sales grew by 3% yoy to 16.47 m t amid recovering demand in its home markets of Russia, Europe and the US, and growing demand in external markets.
· Sales of finished steel increased by 5% yoy to 10.8 m t, accounting for more than 65% in the Group's total sales.
· Sales in home markets reached 10.75 m t (+4% yoy), mainly supported by the 21% yoy growth in sales in the US, and the 4% yoy growth in flat steel sales in Russia to 4.4 m t. NLMK Group sales in home markets accounted for 65% of total sales (flat yoy).
Q4 2017 highlights:
· Crude steel output grew by 2% yoy to 4.32 m t. A 2% qoq cutback was due to the seasonal slowdown in demand for long products, and planned maintenance.
· NLMK Group sales grew by 3% qoq to 4.4 m t due to the growth of sales in external markets against the backdrop of the seasonal slowdown in demand for finished steel in Russia.
· Growth of sales compared to Q4 2016 totalled 20% driven by increased demand for flat steel in Russia and the USA as well as by intensified sales of semi-finished products in external markets.
· NLMK Group sales in its home markets totalled 2.82 m t (-1% qoq and +19% yoy). Russian sales declined by 5% qoq (+26% yoy). NLMK Group sales in home markets accounted for 65% of total sales (-2 p.p. qoq and flat yoy).
* Hereinafter, Q4 and 12M output and sales data is preliminary and can be updated. Hereinafter NLMK Group steel output is shown taking into account NBH performance. Sales by products are shown without taking into account NBH performance. Sales to NLMK Group home markets are understood to be sales by NLMK Group companies in the regions where the products are produced in Russia, the EU and the USA.
Media contact info: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com | IR contact info: Sergey Takhiev +7 (495) 504 0504 st@nlmk.com |
NLMK Group's 12M 2017 operating performance
Steel output grew by 3% yoy to 17.1 m t driven by higher equipment productivity at the Lipetsk site and growth of capacity utilization rates at NLMK Russia Long and NLMK USA backed by improved demand in home and external markets.
NLMK Group's steelmaking capacity utilization rate gained 3 p.p. to 98%.
Sales climbed 3% to 16.5 m t, supported by growth of sales to home and external markets.
Sales breakdown: growth of finished product sales by 5% yoy, accounted for mainly by hot-rolled and galvanized steel. The share of finished products in total sales increased to 65% (+1 p.p. yoy).
Sales of semis to third parties grew by 1% yoy to 3.64 m t.
Slab deliveries to subsidiaries and affiliates (NBH) grew by 6% to 4.2 m t (accounting for 63% of NLMK Russia Flat's total sales, + 3 p.p.). The growth was driven by an increase in finished steel output at the Group's overseas plants.
Sales to home markets gained 4% to a record 10.7 m t backed by growing demand from key consumers in Russia, Europe and the US. Home sales accounted for 65% of total sales (flat yoy).
Sales to external markets grew to 5.7 m t (+3% yoy) due to a 17% yoy increase in export sales of pig iron.
NLMK Group's Q4 2017 operating performance
Steel output decreased by 2% qoq (+2% yoy) due to the seasonal weakening in demand mainly for long products in Russia, and planned maintenance activities.
Sales grew by 3% qoq, driven by the increase in sales in external markets by Russian divisions, and the increase in sales in home markets by international divisions.
On a yoy basis, sales grew by 20%, driven by improved demand in all the markets where the Group operates.
Sales breakdown: Finished steel sales lost 6% qoq totalling 2.61 m t due to the growth of margins for export supplies of semi-finished products and seasonally lower demand for finished steel in Russia.
On a yoy basis, finished steel sales grew by 14%, supported by stronger demand in home markets.
Growth of semis sales to third parties (+21% qoq, +49% yoy) was associated with the growth in demand for billets (+70% growth of sales qoq) and slabs (+20% growth of sales qoq) in external markets.
Slab supplies to associated companies (NBH) grew by 18% qoq (-5% yoy), driven by the +15% increase in NBH sales.
The cutback in sales to home markets (-1% qoq) to 2.82 m t, was mostly driven by the seasonal drop in buying activity in Russia.
Compared to Q4 2016, sales to home markets gained +19% yoy amid recovering demand in Russia and strong demand in the USA.
Sales in external markets grew by 10% qoq, against the backdrop of the seasonal decrease in demand in home markets.
The significant yoy growth of sales (+21%) was associated with the low base effect of Q4 2016.
Price trends:
12M 2017
Raw material prices in the global market continued their upward trend:
· Global coal prices in 2017 climbed 26% yoy.
· Average iron ore prices grew by 22% yoy.
Average steel product prices:
· Steel product prices in the US grew by 15-19% yoy backed by strong demand.
· In the EU, average prices gained 25-30% yoy.
· In the Russian market, prices in dollar terms grew by 20-30% yoy.
· Export prices (FOB Black Sea) grew by 25-35% yoy.
Q4 2017
Average raw material prices in the global market:
· Average coal prices in the global market remained flat qoq (-28% yoy). That said, coal prices grew by 16% during the quarter against the background of limited supplies from Australia.
· Iron ore prices went down by 7% qoq (-8% yoy). The 15% growth throughout the quarter was supported by intensified demand for ore with high Fe content from Chinese manufacturers, aiming to maximize their output amid environmental restrictions.
Average steel product prices:
· Steel product prices in the US dropped by 1% qoq (+7-16% yoy).
· In the EU, average prices continued to grow by 1-4% qoq (+15-20% yoy).
· In the Russian market, average prices for flat steel products in dollar terms grew by 8-13% qoq (+10-20% yoy), and average rebar prices increased by 9% qoq (+12% yoy).
· Export prices (FOB Black Sea) grew by 2-8% qoq (+20-30% yoy).
SEGMENTAL PERFORMANCE
NLMK RUSSIA FLAT PRODUCTS 1
12M 2017 performance
Steel output at the Lipetsk site increased by 2% to a record 13.2 m t driven by the growth of equipment productivity.
Sales growth of 3% yoy was associated with the recovery in demand in Russia for finished steel and stable demand for semis in external markets.
Sales breakdown: finished steel sales gained 4% yoy thanks to a growing demand from end consumers in Russia.
Growth of semi-finished product sales to7.16 m t (+2% yoy) was associated with the growth in slab supplies to NLMK Group subsidiaries and affiliates against the backdrop of improved market conditions in the USA and Europe.
Sales of high value added products climbed 5% yoy to 3.23 m t, supported by the recovery in demand in Russia.
Sales markets: Sales in Russia gained 2% yoy, with the Russian market accounting for 34% in segment sales(flat yoy). Export deliveries (with intragroup sales) increased by 3% driven by higher demand in the US.
Q4 2017 performance
Steel output totalled 3.36 m t (flat yoy, +1% yoy).
The segment's sales were down by 6% qoq due to seasonal decline in demand in the Russian market.
The 12% yoy growth of sales was associated with the recovery in demand in Russia and growth of demand for semis from the Group's international companies.
Sales breakdown: finished steel sales decreased by 11% qoq due to the seasonal weakening of demand in the Russian market, and Mill 2000 maintenance. Sales of semis were down by 2% qoq (+10% yoy).
Sales markets: Due to the seasonal slump in demand, sales in Russia were down by 5% qoq. Third party sales in export markets grew by 3%.
Intragroup sales to the Group's international companies decreased by 16% as they were normalizing stocks.
Compared to Q4 2016, sales in Russia increased by 22% yoy: growth of finished product sales totalled 14% yoy, including +11% yoy for HVA sales due to the recovery in demand.
Export sales gained 6% yoy driven mainly by a significant increase in pig iron sales (4x yoy).
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
12M 2017 performance
Steel output increased to 3.03 m t (+5% yoy) supported by recovering demand in Russia and improved conditions in external markets.
Sales went up by 6% yoy, due mainly to the growth of export (+24%).
Sales markets: export sales grew by 24% yoy to 1.37 m t, driven by improved conditions in external markets. Sales in Russia declined by 6% yoy due to the late start of the construction season in 2017, and a favourable pricing environment for export sales.
Scrap: Scrap sales increased by 6% yoy to 4.88 m t against the backdrop of stronger demand from NLMK Group companies (intragroup sales accounting for 99%).
Q4 2017 performance
Steel output declined to 0.75 m t (-12% qoq; +3% yoy) due to the seasonal decrease in demand in the Russian market.
Sales increased by 11% qoq (+21% yoy) due to the growth in demand for billets in export markets and the recognition of export sales carried over from Q3 (+35% qoq total growth of export sales), coupled with the seasonal drop in demand for long products (-13.5% qoq) from the construction sector in Russia.
Sales markets: The share of export sales gained 9 p.p. qoq to 49%.
Scrap: Scrap sales lost 2% qoq (+13% yoy) down to 1.42 m t against the backdrop of the seasonal slowdown in scrap collection rates.
2 NLMK Russia Long companies include NLMK Ural, NLMK Metalware, NLMK Kaluga and scrap collecting facilities. Export long product sales are calculated including the corresponding share of trading companies.
MINING AND PROCESSING OF RAW MATERIALS
12M 2017 performance
Iron ore output (concentrate and pellets) remained flat at 17.1 m t.
Pellet output grew to 6 m t.
Iron ore sales amounted to 17.14 m t (-1% yoy), including pellet sales of 6 m t.
Sales breakdown: 100% of Stoilensky's products were supplied to NLMK Lipetsk site.
Q4 2017 performance
Iron ore output totalled 4.28 m t (-1% qoq) due to planned maintenance and installation of High Pressure Grinding Rolls that boosted Stoilensky productivity by 800,000 t of concentrate per year (see press release). In yoy terms, output grew by 2%, due to increased productivity of beneficiation equipment.
Pellet output totalled 1.64 m t (-1% qoq).
Iron ore sales totalled 4.23 m t (-4% qoq and -3% yoy) in line with NLMK Lipetsk demand.
NLMK USA 3
12M 2017 performance
Crude steel output growth by 11% yoy to 0.62 m t was driven by favourable conditions in the US market.
Finished steel output grew 21% yoy to 2.16 m t, supported by growing demand for the Division's products.
Sales went up by 21% yoy to an all-time high 2.24 m t backed by high demand from key consumers in the US, including pipe manufacturers, construction companies and machine-builders.
Slab supplies from NLMK Lipetsk were up by 25% yoy to 1.59 m t to cover the growing needs of the Division's rolling capacities.
Q4 2017 performance
Sales: Down by 3% qoq to 0.55 m t due to the seasonal weakening of demand and reduced buying activity during the Christmas break.
The 31% yoy growth was associated with the relaunch of the second galvanizing line at Sharon Coating (see press release), and restocking by traders and consumers driven by reduced competition with imports.
3 NLMK USA includes NLMK Indiana, NLMK Pennsylvania, and Sharon Coating. Operating data for NLMK USA are shown in metric tonnes.
NLMK DANSTEEL
12M 2017 performance
Plate sales totalled 0.48 m t (-1% yoy).
Q4 2017 performance
Plate sales were up by 14% qoq (+1% yoy) supported by the seasonal uptick in activity in the European market from traders and service centres.
ASSOCIATED COMPANIES - NLMK Belgium Holdings (NBH) 4
12M 2017 performance
NBH sales were down by 1% yoy to 2.12 m t due to pressure from imports from Asia and the CIS (thick plate).
Flat steel sales decreased by 1% to 1.36 m t.
Plate and ingot sales dropped by 1% yoy to 0.76 m t.
Slab supplies from NLMK Lipetsk in 12M 2017 totalled 2.07 m t (-2% yoy) due to stocks being normalized and growth of steel output at NLMK Verona by 11%.
Q4 2017 performance
NBH sales were up by 15% qoq to 0.51 m t (-1% yoy) supported by the seasonal recovery in consumer activity in the construction sector.
4 NBH assets include producers of thick plates NLMK Clabecq (Belgium), NLMK Verona (Italy) and producers of flat steel NLMK La Louvière (Belgium) and NLMK Strasbourg (France).
Note: figures from the diagrams can be found in the tables in the Appendix. They can also be downloaded as a separate Excel file.
Appendices
Appendix 1. NLMK Group operating highlights
Production, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Crude steel output (without NBH) | 4,253 | 4,363 | -3% | 4,172 | 2% | 16,850 | 16,438 | 3% |
Crude steel output (with NBH) | 4,315 | 4,406 | -2% | 4,223 | 2% | 17,076 | 16,641 | 3% |
Capacity utilization, % | 99% | 100% | -1 p.p. | 95% | +4 p.p. | 98% | 95% | +3 p.p. |
Consolidated sales |
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Semi-finished steel 5 | 1,757 | 1,461 | 20% | 1,352 | 30% | 5,710 | 5,714 | 0% |
Finished steel | 2,605 | 2,779 | -6% | 2,283 | 14% | 10,761 | 10,211 | 5% |
Flat products | 2,040 | 2,191 | -7% | 1,746 | 17% | 8,485 | 8,015 | 6% |
Long products and metalware | 0,565 | 0,589 | -4% | 0,537 | 5% | 2,277 | 2,195 | 4% |
Total consolidated sales | 4,362 | 4,240 | 3% | 3,635 | 20% | 16,471 | 15,925 | 3% |
Sales to home markets of the Group 6 | 64% | 67% | -3 p.p. | 64% | 0 p.p. | 64% | 64% | 0 p.p. |
Sales to external markets | 36% | 33% | +3 p.p. | 36% | 0 p.p. | 36% | 36% | 0 p.p. |
For reference:Slab sales to international subsidiaries and affiliates | 0,807 | 0,958 | -16% | 0,915 | -12% | 4,214 | 3,960 | 6% |
Segment sales |
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Russia Flat Products | 3,231 | 3,425 | -6% | 2,896 | 12% | 13,053 | 12,691 | 3% |
Russia Long Products | 0,818 | 0,737 | 11% | 0,678 | 21% | 2,962 | 2,807 | 6% |
Mining | 4,231 | 4,387 | -4% | 4,345 | -3% | 17,137 | 17,273 | -1% |
NLMK USA | 0,550 | 0,568 | -3% | 0,421 | 31% | 2,239 | 1,856 | 21% |
NLMK DanSteel | 0,122 | 0,107 | 14% | 0,121 | 1% | 0,475 | 0,481 | -1% |
For reference: NBH sales | 0,515 | 0,448 | 15% | 0,518 | -1% | 2,117 | 2,147 | -1% |
5 Including merchant pig iron, slabs and billets
6 Home markets: Russia for the Russian assets of NLMK Group, North America for NLMK USA and the EU market for NLMK DanSteel and NBH
Appendix 2. NLMK Russia Flat sales by product
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Pig iron | 0,143 | 0,178 | -20% | 0,086 | 66% | 0,435 | 0,435 | 0% |
Slabs incl. | 1,712 | 1,706 | 0% | 1,605 | 7% | 6,728 | 6,567 | 2% |
Slab sales to foreign subsidiaries and affiliates, incl. | 0,807 | 0,958 | -16% | 0,915 | -12% | 4,214 | 3,960 | 6% |
NLMK USA, NLMK DanSteel | 0,351 | 0,572 | -39% | 0,436 | -20% | 2,144 | 1,839 | 17% |
NBH | 0,456 | 0,386 | 18% | 0,479 | -5% | 2,070 | 2,121 | -2% |
Hot-rolled steel | 0,597 | 0,659 | -9% | 0,504 | 18% | 2,658 | 2,599 | 2% |
Cold-rolled steel | 0,367 | 0,396 | -7% | 0,300 | 23% | 1,556 | 1,479 | 5% |
Galvanized steel | 0,176 | 0,227 | -23% | 0,162 | 9% | 0,713 | 0,620 | 15% |
Pre-painted steel | 0,096 | 0,133 | -27% | 0,112 | -14% | 0,406 | 0,459 | -12% |
Dynamo steel | 0,068 | 0,062 | 10% | 0,075 | -9% | 0,299 | 0,285 | 5% |
Transformer steel | 0,072 | 0,063 | 13% | 0,054 | 34% | 0,257 | 0,245 | 5% |
incl. VIZ-Steel | 0,044 | 0,041 | 9% | 0,031 | 42% | 0,161 | 0,153 | 5% |
Total steel products | 3,231 | 3,425 | -6% | 2,896 | 12% | 13,053 | 12,691 | 3% |
Coke sales from Altai-Koks 5 | 0,949 | 1,029 | -8% | 1,044 | -9% | 4,026 | 4,074 | -1% |
incl. to NLMK Lipetsk | 0,662 | 0,743 | -11% | 0,814 | -19% | 2,965 | 3,110 | -5% |
Appendix 3. NLMK Russia Flat sales by region and product
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Russian market | 1,292 | 1,364 | -5% | 1,058 | 22% | 4,419 | 4,313 | 2% |
Semi-finished products | 0,269 | 0,247 | 9% | 0,278 | -3% | 0,736 | 0,937 | -21% |
Hot-rolled steel | 0,466 | 0,512 | -9% | 0,306 | 52% | 1,642 | 1,458 | 13% |
Cold-rolled steel | 0,275 | 0,261 | 5% | 0,189 | 45% | 0,917 | 0,790 | 16% |
Galvanized steel | 0,162 | 0,190 | -15% | 0,151 | 7% | 0,633 | 0,582 | 9% |
Pre-painted steel | 0,094 | 0,129 | -28% | 0,109 | -14% | 0,394 | 0,451 | -13% |
Dynamo steel | 0,015 | 0,013 | 16% | 0,014 | 6% | 0,055 | 0,054 | 2% |
Transformer steel | 0,012 | 0,011 | 12% | 0,010 | 19% | 0,042 | 0,040 | 5% |
Export markets | 1,939 | 2,061 | -6% | 1,838 | 6% | 8,634 | 8,377 | 3% |
Semi-finished products | 1,587 | 1,637 | -3% | 1,413 | 12% | 6,427 | 6,065 | 6% |
Hot-rolled steel | 0,131 | 0,147 | -11% | 0,198 | -34% | 1,016 | 1,141 | -11% |
Cold-rolled steel | 0,092 | 0,134 | -31% | 0,110 | -16% | 0,639 | 0,689 | -7% |
Galvanized steel | 0,014 | 0,038 | -62% | 0,011 | 33% | 0,080 | 0,037 | > 100% |
Pre-painted steel | 0,003 | 0,003 | -18% | 0,002 | 29% | 0,012 | 0,009 | 38% |
Dynamo steel | 0,053 | 0,049 | 8% | 0,061 | -12% | 0,244 | 0,231 | 6% |
Transformer steel | 0,059 | 0,052 | 14% | 0,043 | 37% | 0,216 | 0,205 | 5% |
Total sales | 3,231 | 3,425 | -6% | 2,896 | 12% | 13,053 | 12,691 | 3% |
Appendix 4. NLMK Russia Long sales by product
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Merchant billets | 0,252 | 0,148 | 70% | 0,141 | 79% | 0,686 | 0,612 | 12% |
Rebar | 0,419 | 0,434 | -3% | 0,412 | 2% | 1,686 | 1,725 | -2% |
Sections | 0,015 | 0,011 | 42% | 0,003 | > 100% | 0,038 | 0,035 | 8% |
Wire rod | 0,066 | 0,069 | -5% | 0,058 | 14% | 0,282 | 0,176 | 60% |
Metalware | 0,065 | 0,075 | -13% | 0,065 | 1% | 0,271 | 0,260 | 4% |
Total steel products | 0,818 | 0,737 | 11% | 0,678 | 21% | 2,962 | 2,807 | 6% |
Ferrous and non-ferrous scrap, incl. | 1,424 | 1,451 | -2% | 1,265 | 13% | 4,883 | 4,610 | 6% |
to NLMK Ural | 0,442 | 0,558 | -21% | 0,371 | 19% | 1,696 | 1,484 | 14% |
to NLMK Kaluga | 0,412 | 0,397 | 4% | 0,377 | 9% | 1,409 | 1,373 | 3% |
to NLMK Lipetsk | 0,546 | 0,482 | 13% | 0,500 | 9% | 1,707 | 1,659 | 3% |
Appendix 5. Mining Division sales
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Iron ore concentrate | 2,259 | 2,333 | -3% | 3,709 | -39% | 9,656 | 15,399 | -37% |
incl. to NLMK Lipetsk | 2,259 | 2,333 | -3% | 2,808 | -20% | 9,646 | 11,456 | -16% |
Pellets | 1,605 | 1,675 | -4% | 0,236 | > 100% | 5,996 | 0,236 | > 100% |
incl. to NLMK Lipetsk | 1,605 | 1,675 | -4% | 0,236 | > 100% | 5,996 | 0,236 | > 100% |
Sinter ore | 0,367 | 0,378 | -3% | 0,400 | -8% | 1,486 | 1,638 | -9% |
incl. to NLMK Lipetsk | 0,367 | 0,378 | -3% | 0,365 | 1% | 1,486 | 1,389 | 7% |
Appendix 6. NLMK USA sales
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Hot-rolled steel | 0,306 | 0,320 | -4% | 0,213 | 44% | 1,232 | 0,943 | 31% |
Cold-rolled steel | 0,115 | 0,115 | 0% | 0,114 | 1% | 0,493 | 0,544 | -9% |
Galvanized steel | 0,126 | 0,131 | -3% | 0,093 | 36% | 0,503 | 0,359 | 40% |
Total NLMK USA 7 | 0,550 | 0,568 | -3% | 0,421 | 31% | 2,239 | 1,856 | 21% |
7 Alongside finished steel, NLMK USA also sells non-significant volumes of merchant slabs not included into total rolled steel sales. In Q1 2017 slab sales totalled 4,000 t.
Appendix 7. NLMK DanSteel sales
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Plate | 0,122 | 0,107 | 14% | 0,121 | 1% | 0,475 | 0,481 | -1% |
Appendix 8. NBH (associated company) sales
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Hot-rolled steel | 0,240 | 0,214 | 12% | 0,226 | 6% | 0,989 | 0,967 | 2% |
Cold-rolled steel | 0,012 | 0,009 | 33% | 0,017 | -27% | 0,053 | 0,061 | -14% |
Coated steel | 0,084 | 0,063 | 35% | 0,090 | -6% | 0,319 | 0,351 | -9% |
Total flat steel | 0,337 | 0,286 | 18% | 0,333 | 1% | 1,360 | 1,379 | -1% |
Semi-finished (ingots) | 0,021 | 0,017 | 24% | 0,018 | 21% | 0,081 | 0,081 | 1% |
Plate | 0,157 | 0,145 | 8% | 0,167 | -6% | 0,676 | 0,687 | -2% |
Total steel products incl. flat steel | 0,515 | 0,448 | 15% | 0,518 | -1% | 2,117 | 2,147 | -1% |
Appendix 9. NLMK Group steel output
Production, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
NLMK Lipetsk | 3,356 | 3,356 | 0% | 3,319 | 1% | 13,198 | 12,985 | 2% |
NLMK Long Products | 0,755 | 0,860 | -12% | 0,735 | 3% | 3,029 | 2,892 | 5% |
incl. NLMK Kaluga | 0,347 | 0,375 | -7% | 0,347 | 0% | 1,354 | 1,345 | 1% |
NLMK Indiana (NLMK USA) | 0,142 | 0,146 | -3% | 0,118 | 20% | 0,623 | 0,561 | 11% |
NLMK Group (without NBH) | 4,253 | 4,363 | -3% | 4,172 | 2% | 16,850 | 16,438 | 3% |
for reference |
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NBH, NLMK Europe (EAF) | 0,062 | 0,043 | 45% | 0,051 | 22% | 0,226 | 0,203 | 11% |
NLMK Group (with NBH) | 4,315 | 4,406 | -2% | 4,223 | 2% | 17,076 | 16,641 | 3% |
Appendix 10. NLMK Group steel product output (without NBH)
Production, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Merchant pig iron | 0,254 | 0,187 | 36% | 0,080 | > 100% | 0,573 | 0,462 | 24% |
Merchant slabs | 1,495 | 1,105 | 35% | 1,337 | 12% | 4,589 | 4,722 | -3% |
Flat steel | 2,081 | 2,125 | -2% | 1,918 | 8% | 8,509 | 8,081 | 5% |
Merchant billets | 0,229 | 0,219 | 4% | 0,140 | 63% | 0,716 | 0,661 | 8% |
Long products | 0,453 | 0,541 | -16% | 0,513 | -12% | 1,947 | 1,915 | 2% |
Metalware | 0,064 | 0,077 | -17% | 0,066 | -2% | 0,272 | 0,260 | 5% |
Total steel products | 4,576 | 4,254 | 8% | 4,054 | 13% | 16,607 | 16,100 | 3% |
Appendix 11. NLMK Russia Flat steel product output
Production, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Merchant pig iron | 0,254 | 0,187 | 36% | 0,080 | > 100% | 0,573 | 0,462 | 24% |
Merchant slabs | 1,846 | 1,677 | 10% | 1,773 | 4% | 6,733 | 6,561 | 3% |
Hot-rolled steel | 0,625 | 0,620 | 1% | 0,626 | 0% | 2,618 | 2,655 | -1% |
Cold-rolled steel | 0,361 | 0,392 | -8% | 0,329 | 10% | 1,528 | 1,512 | 1% |
Galvanized steel | 0,204 | 0,193 | 6% | 0,174 | 17% | 0,755 | 0,654 | 15% |
Pre-painted steel | 0,094 | 0,102 | -7% | 0,122 | -22% | 0,414 | 0,466 | -11% |
Dynamo steel | 0,071 | 0,072 | -1% | 0,080 | -11% | 0,299 | 0,295 | 1% |
Transformer steel | 0,072 | 0,067 | 7% | 0,042 | 70% | 0,258 | 0,230 | 12% |
Total steel products | 3,528 | 3,310 | 7% | 3,227 | 9% | 13,177 | 12,836 | 3% |
Appendix 12. Output of main raw materials
Production, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Coke (dry weight) | 1,567 | 1,662 | -6% | 1,651 | -5% | 6,492 | 6,512 | 0% |
NLMK Lipetsk | 0,616 | 0,627 | -2% | 0,613 | 0% | 2,463 | 2,452 | 0% |
Altai-Koks | 0,951 | 1,034 | -8% | 1,038 | -8% | 4,029 | 4,059 | -1% |
Iron ore | 4,279 | 4,316 | -1% | 4,208 | 2% | 17,112 | 17,182 | 0% |
Iron ore concentrate | 2,262 | 2,270 | 0% | 3,518 | -36% | 9,574 | 15,311 | -37% |
Sinter ore | 0,375 | 0,382 | -2% | 0,402 | -7% | 1,515 | 1,583 | -4% |
Pellets | 1,642 | 1,664 | -1% | 0,288 | > 100% | 6,023 | 0,288 | > 100% |
Scrap | 0,673 | 0,661 | 2% | 0,539 | 25% | 2,286 | 2,059 | 11% |
Appendix 13. NLMK Group steel product sales (without NBH)
Sales, m t | Q4 2017 | Q3 2017 | QoQ | Q4 2016 | YoY | 2017 | 2016 | YoY |
Semi-finished products | 1,757 | 1,461 | 20% | 1,352 | 30% | 5,710 | 5,714 | 0% |
Pig iron | 0,141 | 0,176 | -20% | 0,041 | > 100% | 0,429 | 0,365 | 18% |
Slabs | 1,363 | 1,136 | 20% | 1,170 | 17% | 4,595 | 4,737 | -3% |
Billet | 0,252 | 0,148 | 70% | 0,141 | 79% | 0,686 | 0,612 | 12% |
Flat products | 2,040 | 2,191 | -7% | 1,746 | 17% | 8,485 | 8,015 | 6% |
Plate | 0,122 | 0,107 | 14% | 0,121 | 1% | 0,475 | 0,481 | -1% |
Hot-rolled steel | 0,903 | 0,979 | -8% | 0,717 | 26% | 3,890 | 3,542 | 10% |
Cold-rolled steel | 0,476 | 0,489 | -2% | 0,413 | 15% | 1,940 | 2,024 | -4% |
Galvanized steel | 0,302 | 0,358 | -16% | 0,255 | 19% | 1,216 | 0,979 | 24% |
Pre-painted steel | 0,096 | 0,133 | -27% | 0,112 | -14% | 0,406 | 0,459 | -12% |
Transformer steel | 0,072 | 0,063 | 13% | 0,054 | 34% | 0,257 | 0,245 | 5% |
Dynamo steel | 0,068 | 0,062 | 10% | 0,075 | -9% | 0,299 | 0,285 | 5% |
Long products | 0,565 | 0,589 | -4% | 0,537 | 5% | 2,277 | 2,195 | 4% |
Long products | 0,500 | 0,514 | -3% | 0,472 | 6% | 2,006 | 1,936 | 4% |
Metalware | 0,065 | 0,075 | -13% | 0,065 | 1% | 0,271 | 0,260 | 4% |
Steel product sales | 4,362 | 4,240 | 3% | 3,635 | 20% | 16,471 | 15,925 | 3% |