Q2 2013 NLMK Group Trading update
In Q2 2013, NLMK Group steel output increased by 2.5% to 3.785 m t. Q2 steel product sales totaled 3.771 m t (+0.2%). Finished product sales grew by 6% q-o-q to 2.744 m t driven by the seasonal growth in demand from end consumers. The share of finished products in total sales exceeded 73%. Sales of value added products increased by 3.7% to 1.380 m t, accounting for c.50% of finished product sales.
Sales to the Russian market hit a new high with 1.427 m t (+7% q-o-q) being sold in Q2, or 38% of total sales.
Traditionally, key international markets were Europe, USA, South-East Asia, as well as the Middle East.
Q3 2013 steel output is expected to grow by 4-5% q-o-q to 3.9 mt, with approximately 100,000 t to be produced by the new production site, NLMK Kaluga.