Outlook

The forecast relates to Q1 2018 Consolidated Financial Results under IFRS.

Q1 2018 outlook:

Markets

  • Steel demand continues to recover underpinned by economic growth across the board
  • Global pricing environment is expected to remain volatile on uncertainty from rising protectionism
  • Russia: seasonally better demand will provide support to domestic prices
  • Europe: continued demand increase with prices expected to stay firm until summer holidays
  • USA: decent underlying demand growth, the Section 232 news flow will be the key price-mover

Q2 results outlook

  • Group’s capacity utilization to remain high
  • Q2 sales will be strong driven by higher sales in home markets with seasonally stronger Russia and solid exports