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NLMK update on mining performance in Q1 of 2019

Mining News - Published on Thu, 18 Apr 2019

Image Source: commons.wikimedia.org
Output of iron ore decreased by 5% QoQ to 4.55 million tonne amid reduced sinter ore and concentrate output in line with NLMK needs for iron ore. Year-on-year, iron ore output increased 2% thanks to higher equipment productivity and higher share of captive iron ore in NLMK Lipetsk's consumption. Pellet output totaled 1.73 million tonne (+3% QoQ and +4% YoY) driven by higher equipment productivity. Sales of iron ore fell back by 3% QoQ to 4.59 million tonne (+2% YoY). The quarter-on-quarter reduction is due to reduced

Sales, m tQ1 2018Q4 2018Q1 2019QoQYoY
Iron ore concentrate2.4522.6982.587-4.00%5.00%
incl. to Novolipetsk2.4522.6982.587-4.00%5.00%
Pellets1.691.6721.7515.00%4.00%
incl. to Novolipetsk1.691.6721.7515.00%4.00%
Sinter ore0.3680.3820.251-34.00%-32.00%
incl. to Novolipetsk0.3680.3820.251-34.00%-32.00%
Total iron ore4.514.7514.589-3.00%2.00%
 

Source :

Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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