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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Unaudited operational information for the quarter ended 30 September 2018

Release Date: 01/11/2018 07:05
Code(s): ACL     PDF:  
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ACL - Unaudited operational information for the quarter ended 30 September 2018

ArcelorMittal South Africa Limited 
(Incorporated in the Republic of South Africa)
(Registration number 1989/002164/06) 
Share code: ACL  ISIN: ZAE 000134961 
(ArcelorMittal South Africa, the company or the group)

Unaudited operational information for the quarter ended 30 September 2018

Salient features
- Lost time injury frequency rate (LTIFR) improved from 0.27 to 0.18 at the end of Q3 2018
- Domestic demand remains weak
- Volatility in the rand/US dollar exchange rate continues to impact the business significantly      
- Liquid steel production up 5%
- Local sales up 3%        
- Export sales up 6%

Operational information
                                                           Quarter ended              
                                                30 Sept      30 Sept           %    
                                                   2018         2017      change    
Liquid steel production                           1 299        1 240         4.8    
Capacity utilisation                                 85           81         4.9    
                                                                                    
Steel sales                                                                         
- Local                         000 tonnes          887          863         2.8    
- Export                        000 tonnes          215          202         6.4    
- Total                         000 tonnes        1 102        1 065         3.5    
Coke and chemicals                                                                  
- Commercial coke produced      000 tonnes           43           47        (8.5)   
- Commercial coke sales         000 tonnes           42           49       (14.3)   
- Tar sales                     000 tonnes           19           20        (5.0)   

Commentary
The analysis relates to the three months ended 30 September 2018 (current period) compared to the 
three months ended 30 September 2017 (prior period) except where otherwise indicated.

Safety
Safety remains our number one priority. LTIFR improved from 0.27 to 0.18, while total injury frequency 
rate improved to 7.07 from 7.87. 

Production
Liquid steel production was 59 000 tonnes (4.8%) higher, mainly due to higher production at Long Products 
after the production cutback in Q3 2017. The capacity utilisation for Q3 2018 increased to 85% compared 
to 81% in the comparable period. 

Sales
Local sales were 24 000 tonnes (2.8%) better. Apparent steel consumption increased by 2% compared to the 
corresponding period. Total imports of primary steel products decreased by 7% in the third quarter 
compared to that of 2017. Export sales increased by 13 000 tonnes (6.4%) due to the strong international 
demand and weakening of the average rand/USD exchange rate. 

Commercial coke
Commercial coke sales were 7 000 tonnes (14.3%) lower and tar sales were also down by 1 000 tonnes or 
5.0% due to planned repairs at the coke plant in Pretoria Works.

By order of the board
18 October 2018

Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking division)

Release date: 1 November 2018 

For further information please contact:
Vuyo Mtawa
Manager: corporate communications
Telephone +27 16 889 4100

This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittalsa.com 
Date: 01/11/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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