21 Oct 2009 07:00
October 21, 2009
MMK Announces Operational Trading Update for Q3 2009
| Production | Q3 2009 | Q2 2009 | % | ||
| '000 tons | '000 tons | ||||
| Cast iron | 2 326 | 2 006 | 16% | ||
| Crude steel | 2 831 | 2 159 | 31% | ||
| Finished products output | 2 601 | 1 919 | 36% | ||
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| Production | Q3 2009 | Q2 2009 | % | ||
| '000 tons | '000 tons | ||||
| Finished products output: | 2 601 | 1 919 | 36% | ||
| Slabs and billets | 2 | 0 | - | ||
| Long products | 312 | 261 | 20% | ||
| Flat hot-rolled products | 1 553 | 1 090 | 42% | ||
| High value added (HVA) products | 735 | 568 | 29% | ||
| Thick plate (mill 5000) | 29 | 0 | - | ||
| Flat cold-rolled products | 331 | 278 | 19% | ||
| Downstream products: | 375 | 290 | 29% | ||
| Tin plate | 59 | 73 | -19% | ||
| Galvanized steel | 177 | 118 | 50% | ||
| Galvanized colour-coated steel | 68 | 46 | 48% | ||
| Band | 23 | 25 | -8% | ||
| Formed section | 25 | 14 | 79% | ||
| Pipes | 21 | 13 | 62% | ||
Finished steel products output grew by 36% in Q3 2009 q-o-q and amounted to 2,601 thousand tons, while crude steel output increased by 31%. The output level achieved is the highest for the last 12 months period.
HVA products output in Q3 2009 went up by 29% q-o-q and equaled to 375 thousand tons.
Galvanized steel and colour-coated steel output amounted to 177 and 68 thousand tons accordingly in Q3 2009, which is higher by 50% and 48% q-o-q and higher by 25% and 58% y-o-y.
Increased HVA products output is due to commissioning of Hot Dip Galvanizing Line №2 in July 2008 and Colour Coating Line №2 in July 2009.
HVA products output (including thick plate, CRC and downstream products) stood at 735 thousand tons in Q3 2009, which is 29% higher than Q2 2009 results and is at the level of Q3 2008 results.
Mill 5000 thick plate output amounted to 29 thousand tons in Q3 2009.
HVA products accounted for 28% of the production portfolio in Q3 2009.
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MMK.L (MMK)