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MMK

July 19, 2010

MMK operational trading update for Q2 2010

 

Production

Q22010

Q120 10

 

`000 tons

`000 tons

%

Cast iron

2 ,320

2 , 23 6

4 %

Crude steel

2 ,985

2 ,732

9 %

Finished products output

2 ,623

2 ,453

7 %

 

 

 

 

 

 

Production

Q22010

Q120 10

 

`000 tons

`000 tons

%

Finished products output:

2 ,623

2 ,453

7 %

Slabs and billets

115

0

-

Long products

203

210

-3 %

Flat hot-rolled products

1 ,397

1 ,509

-7 %

High value-added (HVA) products*:

908

734

24 %

Thick plate

228

176

29 %

Flat cold-rolled products

306

251

22 %

Downstream products:

374

307

22 %

Tin plate

66

59

12 %

Galvanized steel

157

120

30 %

Galvanized colour-coated steel

52

38

37 %

Band

34

26

29 %

Formed section

48

49

-2 %

Pipes

16

14

12 %

 

 

 

 

 

 

 

* including thick plate, CRC and downstream products

 

  • Crude steel output in Q2 2010 amounted to 2,985 th. tons, finished products output equaled to 2,623 th. tons.
  • Crude steel output in Q2 2010 increased by 9% q-o-q, while finished products output increased by 7% for the same period.
  • Flat hot-rolled products output decreased by 112 th. tons (or 7%) q-o-q, while high value-added products output increased by 174 th. tons (or 24%) for the same period. Its share in finished products output grew to 35%.
  • The Company keeps on increasing thick plate output at Plate Mill 5000. Thick plate production in Q2 2010 amounted to 228 th. tons, which is 29% higher q-o-q.
  • Downstream products output increased by 22%, mainly due to the output growth of galvanized steel, galvanized colour-coated steel and band.
  • Though share of domestic sales in Q2 2010 remained almost the same, shipments to the priority domestic market, offering price premium, have been increasing faster than export sales. Domestic sales growth in Q2 2010 amounted to 148 th. tons, while export sales increased by 21 th. tons (which is 9,5% and 2,3% higher q-o-q respectively).
  • Company’s domestic and export prices kept on increasing in Q2 2010. Average price for 1 ton of steel products increased in Q2 2010 by 17%.

 

 

 

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