2014 highlights:
• Group capacities were running at 96%, including 100% at the Lipetsk site (Novolipetsk). • NLMK Group steel output increased by 3.2% y-o-y to 15.9 m t due to higher capacity utilization at NLMK Kaluga and improved productivity at Novolipetsk. • NLMK Group sales increased to 15.1 m t (+2.0% y-o-y), due mainly to higher product sales at NLMK Kaluga. • Sales in Russia increased by 13% y-o-y to 6.6 m t, mainly on the back of long product sales growth. Q4 2014 highlights: • In Q4 2014, Group steelmaking capacity utilization rate totaled 98%, including 100% at the Lipetsk site. • NLMK Group steel output increased by 1.1% y-o-y to 4.1 m t, including a 6.8% q-o-q growth at the Lipetsk site bringing facility’s output to its all-time historical high of 3.4 m t driven by the operational efficiency programme. • NLMK Group sales increased by 7 q-o-q to 3.85 m t on the back of strong demand in external markets and the delayed recognition of previous period sales. • Export sales increased by 20% q-o-q to 2.3 m t, with sales in external markets accounting for 59% in total sales.
Outlook:
In Q1 2015, we expect operational performance to remain stable q-o-q.
In 2015, steel output is expected at a level comparable to 2014.
Trading update press-release (Q4 2014) Trading update excel spreadsheet (Q4 2014)
Investor Relations contacts: Sergey Takhiev +7 (985) 760 55 74 tahiev_sa@nlmk.com Media contacts: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com www.nlmk.com
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