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Metalloinvest Announces Operational Results for FY and Q4 2020

·3-min read

EquityStory.RS, LLC-News: Metalloinvest Finance Designated Activity Company / Key word(s): Quarter Results
03.02.2021 / 10:08 MSK
The issuer is solely responsible for the content of this announcement.

Operational Results for FY and Q4 2020

Metalloinvest (the "Company"), a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the twelve months and the fourth quarter of 2020.

 

Management comments

Nazim Efendiev, CEO of Management Company Metalloinvest, commented:

"Despite the challenges of 2020, we were able to maintain our production at a high level during the year. The production of iron ore, our core product, amounted to 40.4 mn tonnes, which is 0.5% more than last year. Steel production increased to almost 5 mn tonnes, mainly due to an increase in volumes at Ural Steel after the reconstruction of electric arc furnaces using the innovative FMF technology, that took place in 2019. Share of high value-added products in the total volume of iron ore shipments remained at the level of 72%.

The milestone events of 2020 were the launch of a unique crushing and conveyor facility and the beginning of production of premium pellets for metallisation at Andrey Varichev Mikhailovsky GOK. This allows the Company to continue implementing its strategy of improving product quality and ensuring sustainable sales."

 

Production by product

 

 

 

 

 

 

 

tonnes '000

FY 2020

FY 2019

Change

 

Q4 2020

Q3 2020

Change

Iron ore[1]

40,434

40,242

0.5%

 

10,074

10,180

-1.0%

Pellets

27,583

28,076

-1.8%

 

6,816

6,611

3.1%

HBI/DRI

7,793

7,866

-0.9%

 

2,032

1,649

23.2%

Hot metal

2,302

2,749

-16.3%

 

491

546

-10.1%

Crude steel

4,966

4,867

2.0%

 

1,226

1,198

2.3%

 

Shipments[2] by product

 

 

 

 

 

 

 

tonnes '000

FY 2020

FY 2019

Change

 

Q4 2020

Q3 2020

Change

Iron ore1

7,911

7,435

6.4%

 

2,142

2,331

-8.1%

Pellets

15,922

14,871

7.5%

 

4,366

4,097

6.6%

HBI/DRI

4,507

4,369

3.2%

 

1,236

895

38.1%

Pig iron

1,242

1,735

-28.4%

 

323

216

49.5%

Steel products

4,637

4,568

1.5%

 

1,091

1,091

0.0%

    

[1] Hereinafter iron ore refers to iron ore concentrate and sintering ore

[2] Due to the transition to a new integrated financial and business operations management system based on the SAP S/4HANA business suite, the methodology for shipments disclosure was changed. Starting from 01.01.2020, the export supplies are presented as the shipments to the final customer from the warehouses of Metalloinvest Trading AG (until 31.12.2019, exports are represented by shipments from the warehouses of plants) 

 


03.02.2021 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Metalloinvest Finance Designated Activity Company

28, Rublevskoye shosse

121609 Moscow

Russia

Phone:

+7 (495) 981-5555

Fax:

+7 (495) 981-9992

E-mail:

ir@metalloinvest.com

Internet:

http://www.metalloinvest.com/

ISIN:

XS0918297382

WKN:

B9HLRV8

Listed:

Foreign Exchange(s) Dublin

EQS News ID:

1165362


 

End of News

EquityStory.RS, LLC News Service

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