Wrap Text
Unaudited operational information for the quarter ended 31 March 2015
ArcelorMittal South Africa Limited
(“ArcelorMittal South Africa”, “the company” or “the group”)
Registration number: 1989/002164/06
Share code: ACL
ISIN: ZAE 000134961
Unaudited operational information for the quarter ended 31 March 2015
- Capacity utilisation higher at 84%
- Steel production at Newcastle back to normal following the reline
- Domestic demand remains under pressure
Production
Liquid steel production increased 108 000 tonnes (8.7%) due to capacity uitilisation rates increasing from 77% to 84%
as a result of enhanced stability.
Sales
Total sales decreased by 4.9% compared to Q1 last year with flat products decreasing 6.1% and long products 2.2%. The
decrease was driven by lower exports following weak international markets.
Local
Local sales increased 101 000 tonnes (13.1%) against Q1 last year with flat products higher by 96 000 tonnes and long
products higher by 5 000 tonnes.
Export
Export sales decreased 156 000 tonnes (43.1%) against Q1 last year due to the weakening in international markets.
Commercial coke
Commercial coke sales increased 20 000 tonnes (22%) against Q1 last year.
Outlook for Q2
We expect trading conditions to remain difficult with challenges around steel pricing particularly in the export
markets. Plant performance is expected to remain stable at the current levels.
The company will continue to focus on reducing costs while further reinforcing its more focused sales strategy.
Forward-looking statements
Certain statements in this release that are neither reported financial results nor other historical information, are
forward-looking statements, including but not limited to statements that are predictions of or indicate future earnings,
savings, synergies, events, trends, plans or objectives. Undue reliance should not be placed on such statements because,
by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors,
which could cause actual results and company plans and objectives to differ materially from those expressed or implied in
the forward-looking statement.
Operational information
Quarter ended Year
31 March 31 December % 31 March % 31 December
2015 2014 change 2014 change 2014
Liquid steel production 1 349 1 111 21.4 1 241 8.7 4 518
- Flat steel products 000 tonnes 896 931 (3.8) 818 9.5 3 586
- Long steel products 000 tonnes 453 180 151.7 423 7.1 932
Capacity utilisation 84 68 23.5 77 9.1 70
- Flat steel products % 87 88 (1.1) 79 10.1 85
- Long steel products % 80 31 158.1 75 6.7 41
Steel sales
- Local 000 tonnes 873 718 21.6 772 13.1 3 002
- Flat steel products 000 tonnes 571 503 13.5 475 20.2 1 951
- Long steel products 000 tonnes 302 215 40.5 297 1.7 1 051
- Export 000 tonnes 206 289 (28.7) 362 (43.1) 1 238
- Flat steel products 000 tonnes 157 251 (37.5) 300 (47.7) 1 030
- Long steel products 000 tonnes 49 38 28.9 62 (21.0) 208
- Total 000 tonnes 1 079 1 007 7.1 1 134 (4.9) 4 240
- Flat steel products 000 tonnes 728 754 (3.4) 775 (6.1) 2 981
- Long steel products 000 tonnes 351 253 38.7 359 (2.2) 1 259
Coke and chemicals
- Commercial coke produced 000 tonnes 108 143 (24.5) 85 27.1 522
- Commercial coke sales 000 tonnes 111 154 (27.9) 91 22.0 466
- Tar sales 000 tonnes 24 28 (14.3) 26 (7.7) 110
Registered Office: ArcelorMittal South Africa Limited, Room N3-5, Main Building, Delfos Boulevard, Vanderbijlpark, 1911
Directors:
Non-executive: PM Makwana* (Chairman), DK Chugh^, FA du Plessis*, S Maheshwari^, NP Mnxasana*, JRD Modise*, LP Mondi,
DCG Murray*, GI Urquijoº ^ Citizen of India º Citizen of Spain * Independent non-executive
Executive: PS O’Flaherty (Chief Executive Officer)
Acting Company Secretary: Mr Mohamed Adam
Sponsor: JP Morgan Equities South Africa (Proprietary) Limited
1 Fricker Road, Ilovo, 2196
Private Bag X9936, Sandton, 2146
Transfer Secretaries: Computershare Investor Services (Proprietary) Limited
70 Marshall Street, Johannesburg, 2001
PO Box 61051, Marshalltown, 2107
Release date: 7 May 2015
This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittal.com/southafrica
Share queries: Please call the ArcelorMittal South Africa Share care toll free on 0800 006 960 or +27 11 370 7850
Date: 07/05/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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