🕐21.10.09 - 08:19 Uhr
MMK (MMK:LI) 3Q 2009 Trading Update
October 21, 2009
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%
Ø 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
Ø 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.
Ø HVA products output in Q3 2009 went up by 29% q-o-q and equaled to 375 thousand tons.
Ø 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.
Ø Increased HVA products output is due to commissioning of Hot Dip Galvanizing Line №2 in July 2008 and Colour Coating Line №2 in July 2009.
Ø 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.
Ø Mill 5000 thick plate output amounted to 29 thousand tons in Q3 2009.
Ø HVA products accounted for 28% of the production portfolio in Q3 2009.
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