NLMK issues 2006 production results

Tuesday, 23 January 2007 09:05:32 (GMT+3)   |  
       

The Russian steelmaker Novolipetsk Steel (NLMK) has released its production results for 2006, along with those of its main subsidiaries (DanSteel A/S, VIZ-Stal, Stoilensky GOK, Prokopeivskugol and Altai-koks). According to the company release, in 2006 NLMK saw a 14.7 percent increase in its pig iron production, a 7.8 percent increase in its crude steel production, a 20.7 percent raise in its slabs production, a 0.5 percent increase in its cold rolled production, a 61.7 percent raise in its HDG production, a 28.7 percent increase in its pre-painted steel output, a 0.9 percent increase in its non-grain-oriented steel output, a 6.8 percent increase in its grain-oriented steel production, but a 19.9 percent decrease in its hot-rolled output year on year. The respective figures in metric tons were nine million, 9.2 million, 3.9 million, 1.6 million, 430,000, 341,000, 342,000, 142,000 and 1.6 million. During the period in question NLMK's Danish subsidiary DanSteel produced 467,000 metric tons of heavy plates – up eight percent compared to 2005. In 2006, VIZ-Stal recorded a 50.9 percent decrease in its non-grain-oriented steel production, while showing a 6.9 percent increase in its grain-oriented steel output year on year. The respective figures in metric tons were 16,000 and 180,000. Stoilensky GOK increased its iron ore concentrate production by 4.6 percent to 11.3 million metric tons and it sinter ore by 27.4 percent to 1.4 million metric tons during the period in question. In 2006, Prokopievskugol produced 2.5 million metric tons of coking coal – down 5.6 percent, 507,000 metric tons of energy coal – down 35.6 percent and 875,000 metric tons of other raw materials – down 8.4 percent compared to 2005. Altai-koks increased its 2006 coke production by nine percent year on year to almost three million metric tons. Commenting on the results, NLMK said in its release that the decrease in the company's 2006 HR production was due to a shift in NLMK's product portfolio to high value-added products, such as HDG, pre-painted steel and grain-oriented steel, in the production of which it saw remarkable results.

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