MMK announce operational trading update for Q4 and January to December 2010
Production Q4‘10 Q3‘10 Change J-D’10 J–D’09 Change
Crude steel 2,765 2,938 -6% 11,419 9,618 19%
MMK steel products 2,508 2,661 -6% 10,245 8,764 17%
MMK-Metiz steel products 120 126 -5% 450 309 46%
MMK-Atakas steel products 45 54 -17% 156 33 373%
Belon coal concentrate, incl 1,391 1,054 32% 5,451 4,479 22%
Coking coal concentrate 842 525 60% 2,960 2,460 20%
Steam coal concentrate 549 529 4% 2,491 2,019 23%
Iron ore 1,218 1,178 3% 4,680 3,982 18%
In ‘000 tonnes
1. Crude steel output in 2010 amounted to 11,419,000 tonnes which is up by 19%YoY.
2. MMK finished steel products output in 2010 amounted to 10,245,000 tonnes and increased by 17%YoY.
3. MMK-Metiz finished steel products output in 2010 amounted to 450,000 tonnes and increased by 46%YoY.
4. The share of higher value-added products in MMK Group finished steel output in 2010 grew to 38% in Q4 2010 it reached the maximum historical level of 42%.
5. Coking coal concentrate output rose by 20%YoY in 2010 to 2,960,000 tonnes
6. Production of iron ore for own needs in 2010 amounted to 4,680,000 tonnes which is 18%YoY higher
Mr Oleg Fedonin VP for finance and economy said “??? has retained the leading position in Russia in terms of rolled steel output. We estimate our share in the domestic rolled steel production in 2010 at 17%. The overall growth of MMK finished steel output in 2010 amounted to 17% compared to 2009, while domestic sales growth amounted to 44% exceeding the consumption growth rate in Russia. This was to a large extent possible due to our focus on new highly marginal product types to meet the demand of the domestic market, including import replacement.”
He added “We are optimistic about the growth of steel consumption in Russia in 2011 and plan to increase our production volumes in Russia to 12 million tonnes this year.”
Thursday, January 27, 2011
MMK announce operational trading update for Q4 and 2010
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