NLMK Group sales in Q1 2016 increased by 7% qoq to 4.0 mln tonnes. Steel production increased by 3% qoq to 4.0 mln tonnes. Capacity utilization rates at NLMK Group exceeded 90%.
Q1 2016 highlights:
- Crude steel output increased to 4.0 m t (+3% qoq and +3% yoy) driven by higher production at Russian Long Products segment and at NLMK USA.
- NLMK Group steelmaking capacities were running at 93% (+1 p.p. qoq and -1 p.p. yoy), including the Lipetsk site - 100%.
- Group sales increased to 4.0 m t (+7% qoq and +2% yoy) driven by Russian Long Products and Foreign Rolled Products segments sales.
- Market share of NLMK Group sales:
- The share of sales in the home markets where the Group produces finished steel (hereinafter “the local markets”) increased to 53% (+2 p.p. qoq and +4 p.p. yoy)
- The share of export sales to third parties (excluding sales to NBH), (hereinafter “the export markets”) decreased to 36% (-1 p.p. qoq and -3 p.p. yoy)
- The share of sales to NBH totaled 11% (-1 p.p. qoq and yoy).
- Finished steel sales increased to 2.53 m t (+20% qoq and +8% yoy): shipments of flat products grew by 19% qoq and 14% yoy while sales of long products and metalware grew by +24% qoq (-10% yoy).