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NLMK Russia Long Q2 2019 Performance

Steel News - Published on Wed, 17 Jul 2019

Image Source: Wikimedia Commons
Steel output increased to 0.8 million tonne (+16% qoq) amid the seasonal demand growth for long products in the Russian market (Appendix 9). Year-on-year, steel output dropped by 6% due to lower demand for billets in export markets.

Sales were down by 7% qoq to 0.72 million tonne (Appendix 4) due to lower export sales, which was partially offset by the growth of domestic demand. Finished steel sales increased by 30% QoQ (+73% YoY) to 0.64 million tonne. The share of finished steel totalled 89%. The 12% sales growth was due to a low base effect.

Sales markets: sales in Russia accounted for 76%.

Following the seasonal uptick in demand from the construction sector, sales in Russia were up by 27% QoQ, reaching 0.54 million tonne. Year-on-year, deliveries to the Russian market increased by 65% due to there being no shifts in the construction season (the 2018 World Cup effect) and an uptick in demand following the changes in the shared-equity construction regulations.

Export sales were down by 49% qoq (-44% YoY) to 0.17 million tonne due to lower billet sales.

Source :

Posted By : Ratan Singh on Wed, 17 Jul 2019
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