print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all press releases

Novolipetsk Steel

October 13, 2021

Q3 and 9M 2021 NLMK Group Trading Update

NLMK Group (LSE: NLMK, MOEX: NLMK) today announces that its Q3 2021 sales totalled 4.1 m t (-4% qoq). Sales in export markets grew by 2% qoq to 1.4 m t amid stable demand.

Q3 2021 highlights:

  • Steel output decreased by 15% qoq to 3.9 m t (+1% yoy) due to the incident in the steelmaking production oxygen supply infrastructure at the Lipetsk site in August and the subsequent repair works
  • Sales were down by 4% qoq to 4.1 m t (-7% yoy) following a decrease in NLMK Lipetsk production output. Capacity utilization rates recovered once repairs were complete and reached 97% in September. Sales of semi-finished products to third parties grew by 1% qoq, due mainly to higher pig iron sales. Sales of finished products increased by 1% qoq to 2.7 m t (flat yoy) amid stable final demand in key markets.
  • Sales in “home” markets totalled 2.8 m t (flat qoq and yoy).
  • Sales in export markets grew by 2% qoq to 1.4 m t.

9M 2021 highlights:

  • Steel output increased by 8% yoy to 12.9 m t as equipment ramped up to full capacity after upgrades at NLMK BF and BOF operations, and following output growth at NLMK Russia Long Products and NLMK USA.
  • Sales totalled 12.4 m t (-7% yoy) amid resumed intragroup slab supplies from NLMK Lipetsk to NLMK USA (0.9 m t).
  • Sales in “home” markets grew by 2% yoy to 8.3 m t, due mainly to increased demand on the US market (+23% yoy).
  • Sales in export markets decreased by 23% yoy to 4.0 m t due to the high base of last year, when supplies were redistributed in favour of exports due to weak demand in Russia during lockdown limitations.

Additional Materials

 

NLMK_Trading_Update_3Q_2021_ENG.pdf

PDF

1.16 MB

 

NLMK_Operating_Results_3Q_2021 ENG.xlsx

XLSX

106.09 KB

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Coal Mining | Conglomerates | Construction Materials | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Ore Mining | Other | Other Extracting | Other Industrial | Other Service | Other Utilities | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer