News

15 October 2015

3Q and 9M NLMK Group Trading update

3Q and 9M NLMK Group Trading update
NLMK Group is pleased to announce its Q3 2015 and 9M 2015 operating results.

In January - September 2015, NLMK Group increased production by 2% yoy and sales by 7% yoy. Capacity utilization rates for core steelmaking operations was close to 100%.

9M 2015 highlights:
  • 9M 2015 crude steel output increased to 12.01 m t (+2% yoy), which corresponds to a 94% Group capacity utilization rate.
  • Increased productivity as a result of operational efficiency programmes allowed surpassing last year’s record crude steel output.
  • Group sales increased to 12.05 m t (+7% yoy) driven by growth of shipments to international markets (+17% yoy). 

Q3 2015 highlights:
  • Q3 2015 steelmaking utilization rates of the Group were 93% (-1 p.p. qoq), including 100% at the Lipetsk site.
  • Group crude steel output was stable at 4.09 m t.
  • Group sales increased to 4.08 m t (+2% qoq) due to higher finished product shipments (2.73 m t; +6% qoq) while semi-finished product sales declined by 5% qoq.
  • Sales to the Russian market went up to 1.73 m t (+12% qoq) on the back of favourable demand for flat steel, which share in total sales increased to 53% (+4 p.p. qoq).