ACL - Unaudited operational information for the quarter ended 31 March 2019
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 2019
- Lost time injury frequency rate (LTIFR) improved from 0.66 to 0.29
- Domestic demand remains weak
- Liquid steel production remains flat
- Local sales down 5%
- Export sales down 23%
- Volatility in the rand/US dollar exchange rate continues to impact the business
The analysis relates to the three months ended 31 March 2019 (current period) compared to the three months ended
31 March 2018 (prior period) except where otherwise indicated.
For the quarter ended
31-March 31-March %
2019 2018 change
Liquid Steel production 1 279 1 270 0.7%
Capacity utilisation 80 85 -5.9%
- Local 000 tons 796 838 -5.0%
- Export 000 tons 253 329 -23.1%
- Total 000 tons 1 049 1 167 -10.1%
Coke and Chemicals
- Commercial coke produced 000 tons 31 45 -28.9%
- Commercial coke and tar sales 000 tons 41 67 -38.8%
Safety remains our number one priority. LTIFR improved from 0.66 to 0.29, while total injury frequency rate
increased to 6.95 from 6.68.
Liquid steel production was 9 000 tonnes (0.7%) higher, mainly due to higher production at Long Products after
the restart of the Vaal Melt shop. The capacity utilisation for Q1 2019 decreased to 80% compared to 85% in
the comparable period as a result of the restart of the Vaal Melt shop.
Domestic sales volumes decreased by 5%, negatively affected by a weaker economy, the consequent shrinking
of apparent steel consumption by 1.4%, and a short burst of imports as customers took advantage of the sudden
price drops seen in international markets in Q4 2018. Export sales shows a drop of 23.1%, due to both a very
buoyant global market in Q1 2018 and a more cautious seaborne market in Q1 2019 following the sudden price
drops of Q4 2018.
Commercial coke and tar sales were 26 000 tonnes (38.8%) lower due to higher imports into the country together
with an increase in internal consumption.
By order of the Board
07 May 2019
For further information please contact:
Vuyo Mtawa: Manager: Corporate Communications
Tel: (016) 889 4100
This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittalsa.com
Release date: 9 May 2019
Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking division)
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