26 Nov 2010 12:34

Russia ups steel roll output 11.3% in 10M

MOSCOW. Nov 26 (Interfax) - Russian steel companies raised finished roll output 11.3% year-on-year in January-October, the Russian Economic Development Ministry said.

The domestic market grew an estimated 27.3%, not including inventories, in January-September 2010. Russian ferrous metal exports, not including pig iron, ferroalloys, scrap and waste rose 6.6% year-on-year in the 9M of 2010 to 22.7 million tonnes, including growth of 16.4% to 12.1 million tonnes of semis. Russia shipped most of its semis to countries outside the CIS. Exports of flat products rose 0.7% to 7.6 million tonnes but exports of long products, not including semis, fell 13.9% to 2.8 million tonnes.

Ferrous imports rose 54.7% to 3.76 million tonnes in the nine months. Imports of flat products grew 47.9% to 2.44 million tonnes and long product imports grew 85.2% to 1.18 million tonnes.

The overall roll imports were higher than the 4.3 million tonnes Russia imported in the pre-crisis January-September 2008, when the country shipped 1.7 million tonnes of long products and 2.6 million tonnes of flat products from abroad.

Overall ferrous metals output, mln tonnes:

Month Pig iron and blast furnace alloys Crude steel Finished roll Steel pipes
Jan 4 5,1 4,5 0,622
Feb 3,7 5 4,3 0,679
March 4,2 5,6 4,7 0,779
April 4,3 5,6 4,8 0,739
May 4,1 5,9 5,1 0,681
June 3,8 5,3 4,6 0,702
July 3,9 5,4 4,8 0,716
August 4 5,6 4,9 0,759
September 4 5,6 4,9 0,828
October 4 5,6 4,9 867
10 mths 2010/10 mths 2000 +11,4% +13,3% +11,3% +37,3%

The ministry said some of the country's biggest steel makers, including Magnitogorsk Iron & Steel Works (MMK) and Severstal , boosted roll output roughly 16%-18% year-on-year in January-October 2010.

Finished roll output by Russian steel majors, mln tonnes:

Enterprise 10M 2010 10M 2010/10M 2009, % 9M 2010 Oct 2010* Sept 2010* Oct/Sept 2010, %
MMK 8,589 +18,3 7,734 0,855 0,918 -0,1
Cherepovets Iron & Steel Works (Severstal ) 8,368 +16,3 7,55 0,818 0,921 -0,1
Novolipetsk Steel (NLMK) 7,275 +12,4 6,503 0,772 0,747 0,0
West Siberian Iron & Steel Works (Evraz Group) 4,856 +21 4,227 0,629 0,585 +0,1
Nizhny Tagil Iron & Steel Works (Evraz Group) 2,933 -2,5 2,52 0,413 0,237 +0,7
Chelyabinsk Metallurgical Plant (Mechel 2,5 -6,2 2,294 0,206 0,264 -0,2
Oskol Electrometallurgical Combine (OEMK) (Metalloinvest) 2,318 -5,4 2,073 0,245 0,221 +0,1
Urals Steel (Metalloinvest) 1,922 -12,8 1,718 0,204 0,151 +0,4
Novokuznetsk Iron & Steel Works (NKMK, Evraz Group) 1,177 -8,2 1,041 0,136 - -

*) Estimate based on previous Econ Ministry data