METINVEST ANNOUNCES 4Q AND 12M 2019 OPERATIONAL …
[Pages:4]METINVEST ANNOUNCES 4Q AND 12M 2019 OPERATIONAL RESULTS
31 January 2020 ? Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as "Metinvest" or "the Group"), today announces its operational results for the fourth quarter and 12 months ended 31 December 2019.
OPERATIONAL HIGHLIGHTS
(kt) Crude steel Iron ore concentrate (total) Coal concentrate (total)
4Q 2019 1,673 7,278 779
3Q 2019 1,982 7,295 777
kt -309
-17 2
% -16%
0% 0%
2019 7,578 29,028 2,961
2018 7,323 27,353 2,683
kt 255 1,675 278
% 3% 6% 10%
METALLURGICAL SEGMENT
Hot metal production
(kt) Hot metal
Azovs tal Ilyich Steel
4Q 2019 1,887 853 1,034
3Q 2019 2,033 889 1,144
kt -146
-36 -110
% -7% -4% -10%
2019
2018
kt
%
7,928
8,205
-277
-3%
3,475
3,707 -232
-6%
4,453
4,498
-45
-1%
Crude steel production
(kt) Crude steel
Azovs tal Ilyich Steel
4Q 2019 1,673 938 735
3Q 2019 1,982 1,025 957
kt -309
-87 -222
% -16% -8% -23%
2019 7,578 4,016 3,562
2018 7,323 4,082 3,241
kt
%
255
3%
-66
-2%
321 10%
In 4Q 2019, Metinvest's hot metal production dropped by 7% q-o-q to 1,887 kt due to scheduled major overhauls of blast furnaces at the Mariupol steelmakers. Output at Azovstal decreased by 36 kt amid the shutdown of blast furnace no. 2, while that at Ilyich Steel declined by 110 kt due to the shutdown of blast furnace no. 3. In addition, the commissioning of blast furnace no. 3 was postponed to 1Q 2020 amid lower demand on the steel market.
In 4Q 2019, overall steel output fell by 16% q-o-q to 1,673 kt, as the Group both produced less hot metal and allocated more to make merchant pig iron. The latter came amid higher demand for that product and lower demand for slabs and finished products.
In 2019, hot metal output at the Mariupol steelmakers edged down by 3% y-o-y to 7,928 kt, mainly due to a decrease in Azovstal's production of 232 kt amid the shutdown of blast furnaces nos. 5 and 6 in June. This was partly compensated by the launch of the highly efficient blast furnace no. 3 following a major modernisation.
In 2019, the Group's steel production rose by 3% y-o-y to 7,578 kt, mainly due to an increase in output at Ilyich Steel of 321 kt following the commissioning of the new continuous casting machine no. 4. Steel production at Azovstal decreased by 66 kt due to lower hot metal output.
1
Metal product output1
(kt) Semi-finished products
Pig iron Slabs Finished products Flat products
Hot-rolled plates Hot-rolled coils Cold-rolled coils Galvanised coils Other Long products Railway products Tubular products TOTAL
4Q 2019 912 416 496
1,139 953 715 167 12 57 1 137 21 28
2,051
3Q 2019 809 290 519
1,417 1,170
865 157
44 93 11 186 14 47 2,226
kt 103 126 -23 -278 -217 -150
10 -32 -36 -10 -49
7 -19 -175
% 13% 43% -4% -20% -19% -17% 6% -73% -39% -91% -26% 50% -40% -8%
2019 3,160 1,264 1,896 5,595 4,677 3,380
754 148 350
46 714
49 155 8,755
2018 3,026 1,644 1,382 5,769 4,747 3,379
746 242 311
69 817
65 140 8,795
kt 134 -380 514 -174 -70
1 8 -94 39 -23 -103 -16 15 -40
% 4% -23% 37% -3% -1% 0% 1% -39% 13% -34% -13% -25% 11% 0%
In 4Q 2019, Metinvest's output of merchant semi-finished products rose by 13% q-o-q to 912 kt, amid a rise in merchant pig iron production of 126 kt at Ilyich Steel (82 kt) and Azovstal (44 kt) due to greater demand. The Group's merchant slab production fell by 23 kt amid a drop in Ilyich Steel's output of 51 kt, as hot metal was redirected to make merchant pig iron, which was partly offset by an increase in Azovstal's output of 28 kt.
In 2019, Metinvest's output of merchant semi-finished products rose by 4% y-o-y to 3,160 kt. While output of merchant pig iron fell by 380 kt, that of slabs climbed by 514 kt. This was largely due to the redirection of hot metal for making steel and downstream products after the commissioning of new equipment at Ilyich Steel.
In 4Q 2019, the Group's output of finished products dropped by 20% q-o-q to 1,139 kt. In particular:
flat product output fell by 217 kt to 953 kt, mainly due to lower hot-rolled plate production at Ilyich Steel (95 kt) and Azovstal (42 kt) amid annual scheduled major overhauls in October-December, as well as to lower cold-rolled and galvanised coil output at Ilyich Steel (68 kt) due to a shortage of feedstock amid the shutdown of hot strip mill 1700 for a scheduled major overhaul with modernisation from 27 August to 5 November 2019, followed by commissioning and mastering of a new product mix;
output of long products dropped by 49 kt to 137 kt, due to lower production at Promet Steel (38 kt) and Azovstal (11 kt) amid a seasonal drop in demand;
output of railway products grew by 7 kt to 21 kt; and output of tubular products fell by 19 kt to 28 kt.
In 2019, Metinvest's output of finished products edged down by 3% y-o-y to 5,595 kt. In particular:
flat product output declined by 70 kt to 4,677 kt, mainly due to lower production of cold-rolled coils (94 kt), galvanised coils (43 kt) and other rolled products (23 kt) at Ilyich Steel amid the shutdown of hot strip mill 1700 for a scheduled major overhaul with modernisation from 27 August to 5 November 2019; this was partly compensated by additional galvanised coils following the acquisition of Unisteel's facilities in 3Q 2018 (82 kt);
output of long products dropped by 103 kt to 714 kt, due to lower production at Azovstal (73 kt) and Promet Steel (30 kt) amid lower demand;
railway product output fell by 16 kt to 49 kt in accordance with orders received; and tubular product output climbed by 15 kt to 155 kt.
1 Excludes intragroup sales and intragroup consumption.
Pig iron merchant pig iron. Long products include hot-rolled sections (light, medium and heavy), rebar, merchant bars and wire rod. Rail products include light and heavy rails and rail fasteners. Tubular products include other electric resistance welded (ERW) pipes and seamless pipes.
2
Coke production2
(kt) Coke (total) Coke (merchant)
4Q 2019 3Q 2019
kt
%
1,050
1,136
-86
-8%
445
449
-4
-1%
2019 4,667 1,598
2018 5,269 1,717
kt -602 -119
% -11% -7%
In 4Q 2019, the Group's coke output totalled 1,050 kt, down 8% q-o-q, due to a reduction in intragroup consumption during the reporting period.
In 2019, Metinvest's coke output dropped by 11% y-o-y to 4,667 kt due to: a shortage of coal that started in June 2019, as direct supply stopped from Russia; unstable operation of coke-oven batteries, a coke dryquenching plant and emergency shutdowns of coke cars early this year at Avdiivka Coke; and lower intragroup consumption in 4Q 2019.
MINING SEGMENT Iron ore concentrate and pellet output3
(kt) Iron ore concentrate (total) Iron ore products (merchant)
Iron ore concentrate Fe 67%
Pellets Fe ................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- metinvest announces 4q and 12m 2019 operational
- california retail food code
- california retail food code 2019
- 2019 price list star manufacturing
- wholesale product list us doterra
- in the united states district court eastern district
- organic beauty and wellbeing market 2019 soil association
- farmers market and farm stand guidelines 03152011
- 2019 examination priorities
Related searches
- operational crm and analytical crm
- hottest spring and summer 2019 fashion trends
- office home and student 2019 product key
- tongue and quill 2019 pdf
- trivia questions and answers 2019 funny
- nonprofit operational policies and procedures
- operational and strategic change
- strategic planning and operational planning
- operational and strategic planning examples
- may and june 2019 calendar
- microsoft home and student 2019 download
- printable and editable 2019 calendar