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ACL 201811010004A
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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