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ACL - Unaudited operational information for the quarter ended 30 September 2019
ArcelorMittal South Africa Limited
(“ArcelorMittal South Africa”, “the company” or “the group”)
Registration number: 1989/002164/06
Share code: ACL
ISIN: ZAE 000134961
Release date: 07 November 2019
Unaudited operational information for the quarter ended 30 September 2019
Salient features
- Liquid steel production down by 18%
- Local sales deteriorated 17%, whilst exports increased.
- Lost time injury frequency rate of 0.20
- Volatility in the rand/US dollar exchange rate continues to impact the business significantly
The analysis relates to the three months ended 30 September 2019 (current period) compared to the three months ended
30 September 2018 (prior period) except where otherwise indicated.
Operational information
For the quarter ended
30-Sep 30-Sep %
2019 2018 change
Liquid Steel production 1 063 1 299 -18.2%
Capacity utilisation 65 85 -23.5%
Steel sales
- Local 000 tons 737 887 -16.9%
- Export 000 tons 324 215 50.7%
- Total 000 tons 1 061 1 102 -3.7%
Coke and Chemicals
- Commercial coke produced 000 tons 80 43 86.0%
- Commercial coke sales 000 tons 20 42 -50.4%
- Tar sales 000 tons 17 19 -10.5%
Safety
Safety remains our number one priority. LTIFR increased from 0.18 to 0.20, while total injury frequency rate
improved to 5.41 from 7.07.
Production
Liquid steel production was lower by 236 000 tonnes (-18.2%), mainly due to 185,000 tonnes lower production
at Vanderbijlpark Works. This is largely as a result of a planned production curtailment to adjust volumes to
lower demand. Accordingly, capacity utilisation for Q3 2019 decreased to 65% compared to 85% in the
comparable period.
Sales
Local sales were 150 000 tonnes (16.9%) lower as the result of weak local demand, higher imports by ca. 9%
and customers driving down their stock levels given contraction in domestic demand.
Estimated Apparent steel consumption decreased by ca. 11% with Flat Products down ca. 10% and Long
Products down by ca. 13% compared to the corresponding period in 2018.
AMSA’s export sales increased by 109 000 tonnes (+50.7%) mainly from Newcastle at 113 000 tonnes.
Commercial coke sales were 22 000 tonnes (-50.4%) lower and tar sales also down by 2 000 tonnes or 10.5%
due to lower demand and high stock levels at customers.
This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittalsa.com
By order of the Board
7 November 2019
For further information please contact:
Vuyo Mtawa: Manager: Corporate Communications
Tel: (016) 889 4100
Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 07/11/2019 07:05:00
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