MMK Group Operational Trading Update for Q4 and FY 2012
MMK
Key investment projects of MMK Group
Mill 2000
The launch in July 2012 of the second stage of MMK’s new cold-rolling complex (continuous hot-galvanizing unit, annealing/hot-galvanizing unit and coil inspection line) marked the conclusion of construction of the Mill 2000 complex.
At present the mill is beginning to produce new types of products (cold-rolled and galvanized), which is already having an impact in terms of larger production volume and higher share of HVA products in MMK’s portfolio.
Work is also underway on the launch of production of rolled products with grade “C” surface quality, which would allow MMK to supply automotive manufacturers with steel for outer body panels.
In parallel, negotiations are being conducted on the acceptance of rolled products and commercial delivery conditions with enterprises with companies working in the automotive sector and home appliance manufacturers. Talks have already been held with Volkswagen, Renault, Ford, GM, Hyundai, Nissan, Faurecia, LG, Samsung, Bosch, Beko and Vestel.
Outlook
Continued growth in consumption of metal products is expected on the domestic market in 2013. This growth along with the production capacities for high-quality cold-rolled and galvanized products launched in 2012 allow MMK to anticipate a higher volume of shipments of finished steel products in 2013 than in the previous year.
MMK Group operational highlights
|
Production, thousand tonnes |
||||||
|
Products |
FY 2012 |
FY 2011 |
% |
Q4 2012 |
Q3 2012 |
% |
|
MMK Group crude steel |
13,037 |
12,195 |
6.9% |
2,969 |
3,357 |
-11.6% |
|
MMK crude steel |
12,247 |
11,724 |
4.5% |
2,931 |
3,187 |
-8.0% |
|
MMK Metalurji crude steel |
790 |
471 |
67.8% |
38 |
170 |
-77.6% |
|
MMK Group steel products |
11,936 |
11,158 |
7.0% |
2,783 |
3,072 |
-9.4% |
|
MMK steel products |
11,029 |
10,646 |
3.6% |
2,629 |
2,858 |
-8.0% |
|
MMK-Metiz steel products |
493 |
465 |
6.2% |
114 |
129 |
-11.7% |
|
MMK Metalurji steel products |
900 |
505 |
78.2% |
152 |
211 |
-28.0% |
|
MMK Group HVA products |
4,880 |
4 063 |
20.1% |
1,213 |
1,276 |
-4.9% |
|
MMK Group HVA products share |
41% |
36% |
|
44% |
40% |
|
|
Belon coal concentrate |
3,325 |
3,216 |
3.4% |
803 |
985 |
-18.5% |
|
Iron ore |
4,114 |
4,824 |
-14.7% |
938 |
1,021 |
-8.1% |
- MMK Group crude steel output in 2012 amounted to 12,247 thousand tonnes (4.5% higher y-o-y)
- MMK Group finished steel products output in 2012 amounted to 11,936 thousand tonnes (7% higher y-o-y).
- MMK finished steel products output in 2012 amounted to 11,029 thousand tonnes (3.6% higher y-o-y).
- MMK-Metiz finished steel products output in 2012 totalled 493 thousand tonnes (6.2% higher y-o-y).
- MMK-Metalurji finished steel products output in 2012 totalled 900 thousand tonnes (1.8 times higher y-o-y).
- MMK Group High-Value-Added (HVA) steel products in 2012 increased 20% y-o-y and reached 4,880 thousand tonnes. The share of HVA production in total output for 2012 amounted to 41%.
- Coking coal concentrate output in 2012 amounted to 3,325 thousand tonnes (3.4% higher y-o-y).
- In-house consumption of iron ore in 2012 amounted to 4,114 thousand tonnes (down 14.7% y-o-y)
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