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23 Jul

NLMK foresees strong third quarter after first-half growth

NLMK enjoyed significant earnings growth in the second quarter and first half of 2021, despite slightly lower annual sales volumes due to equipment overhauls in Q1. Higher output volumes in Q2 after completion of major upgrades and buoyant demand accompanied by ongoing price growth lent further support. Consumption in Q2 and H1 in all major steel consuming regions grew on the back of the realisation of deferred demand and ongoing government support measures. Capac…
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