MMK announces operational trading update for Q3 2009
|
Production |
Q3 2009 |
Q2 2009 |
% |
|
‘000 tons |
‘000 tons |
|
Cast iron |
2 326 |
2 006 |
16% |
|
Crude steel |
2 831 |
2 159 |
31% |
|
Finished products output |
2 601 |
1 919 |
36% |
|
Production |
Q3 2009 |
Q2 2009 |
% |
|
‘000 tons |
‘000 tons |
|
Finished products output: |
2 601 |
1 919 |
36% |
|
Slabs and billets |
2 |
0 |
- |
|
Long products |
312 |
261 |
20% |
|
Flat hot-rolled products |
1 553 |
1 090 |
42% |
|
High value added (HVA) products |
735 |
568 |
29% |
|
Thick plate (mill 5000) |
29 |
0 |
- |
|
Flat cold-rolled products |
331 |
278 |
19% |
|
Downstream products: |
375 |
290 |
29% |
|
Tin plate |
59 |
73 |
-19% |
|
Galvanized steel |
177 |
118 |
50% |
|
Galvanized colour-coated steel |
68 |
46 |
48% |
|
Band |
23 |
25 |
-8% |
|
Formed section |
25 |
14 |
79% |
|
Pipes |
21 |
13 |
62% |
· Cast iron output in Q3 2009 exceeded the pre-crisis level and amounted to 2,326 thousand tons, which is 2.2% higher y-o-y
· Finished steel products output grew by 36% in Q3 2009 q-o-q and amounted to 2,601 thousand tons, while crude steel output increased by 31%. The output level achieved is the highest for the last 12 months period.
· HVA products output in Q3 2009 went up by 29% q-o-q and equaled to 375 thousand tons.
· Galvanized steel and colour-coated steel output amounted to 177 and 68 thousand tons accordingly in Q3 2009, which is higher by 50% and 48% q-o-q and higher by 25% and 58% y-o-y.
· Increased HVA products output is due to commissioning of Hot Dip Galvanizing Line ¹2 in July 2008 and Colour Coating Line ¹2 in July 2009.
· HVA products output (including thick plate, CRC and downstream products) stood at 735 thousand tons in Q3 2009, which is 29% higher than Q2 2009 results and is at the level of Q3 2008 results.
· Mill 5000 thick plate output amounted to 29 thousand tons in Q3 2009.
· HVA products accounted for 28% of the production portfolio in Q3 2009.
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