Q4 2016 and 12M 2016 NLMK Group Trading update
NLMK Group is pleased to announce its Q4 2016 and 12M 2016 operating results:
In 2016, NLMK Group steel output* increased by 4% yoy to a record 16.6 m t; sales totaled 15.9 m t (stable yoy). Group steelmaking capacities in 2016 were running at 96%, up by 3 p.p. yoy. 4Q 2016 sales totaled 3.6 m t (-4% yoy); steel output grew by 8% yoy to 4.2 m t.
12M 2016 highlight:
- Crude steel output* grew by 4% yoy to 16.6 m t on the back of the increase in production across all sites.
- NLMK Group capacity utilization rates increased by 3 p.p. to 96%.
- NLMK Group sales totaled 15.9 m t (flat yoy).
- Share of finished product sales grew by 2 p.p. yoy to 64%.
- Market shares in NLMK Group total sales:
- share of product sales by Group companies in regions where products are manufactured (‘home markets’) totaled 66% (flat yoy).
- share of sales to third parties (except NBH) in markets external to countries where products are manufactured (‘export markets’) totaled 34% (flat yoy).
Q4 2016 highlights:
- Crude steel output* increased to 4.2 m t (+8% yoy and +3% qoq) following the completion of planned repairs at Novolipetsk in 3Q 2016.
- Steelmaking capacity utilization rates were up by 3 p.p. yoy to 95%.
- NLMK Group sales totaled 3.6 m t (-4% yoy and -15% qoq) due to the decrease in pig iron deliveries (-73% yoy and -61% qoq).
- Finished products accounted for 62% of total sales (+6 p.p. yoy and -3 p.p. qoq).
*Steel output is given taking into account associated companies (NBH)
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