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17 Oct

NLMK output falls, sales up in third quarter

NLMK’s consolidated third-quarter steel output declined 11% on-quarter but rose 1% on-year to 3.9 million tonnes, forced by lower demand in Europe and sanctions restrictions. January-September crude steel output was flat on-year at 12.8mt. But sales increased by 8% on-quarter and 5% on-year to 4.3mt in Q3, on the back of steel stock normalisation and a recovery of demand in Russia and Turkey, with January-September sales volumes growing 4% to …
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