NLMK Russia Performance in 2020

Russian steel maker NLMK Russia Flat Prodducts steel output grew by 2% YoY to 12.3 million tonne in 2020 while sales in the segment increased by 7% YoY
NLMK Russia Performance in 2020
NLMK RussiaRussia Times

Russian steel maker NLMK Russia Flat Prodducts steel output grew by 2% YoY to 12.3 million tonne in 2020 while sales in the segment increased by 7% YoY to 13.4 million tonnes as export sales of pig iron grew, along with hot-rolled steel sales on the Russian market. Sales of finished steel reached 6.1 million tonne up 5% YoY amid the completion of repairs at NLMK's Hot Strip Mill. Sales of semis to third parties went up by 27% YoY to 4.6 million tonne, driven mainly by higher export sales of pig iron. Sales of semis to NLMK Group and NBH companies totalled 2.7 million tonne down 12% YoY due to lower slab demand from NLMK's European companies and suspended slab supplies to NLMK USA. Steel product sales in Russia grew by 6% YoY to 4.9 million tonne, due mainly to sales of HRC increasing to 1.9 million tonne up 16% YoY and high value added product sales increasing to 2.3 million tonne up 5% YoY. Export sales went up by 8% YoY to 8.4 milion tonne due to higher pig iron sales.

Nlmk Russia Long Products steel output went down by 2% YoY to 2.8 million tonne as production decreased amid weaker Q2 2020 demand. Sales went down by 7% YoY to 2.6 million tonne due to lower demand for long products in 2020. The share of the Russian market was 66% (-4 p.p. yoy). Sales of long products in Russia went down by 12% YoY to 1.8 million tonne amid the COVID-19 pandemic. Export sales increased by 4% YoY to 0.9 million tonne due to higher billet sales to Turkey, China, and African markets. Scrap sales were up by 7% YoY to 4.6 million tonne, due mainly to stronger scrap demand from the Lipetsk site.

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