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21 Oct

NLMK third-quarter sales rise, steel demand recovers

NLMK Group's consolidated third-quarter revenue increased on-quarter by 3% thanks to higher volumes but was down on-year by -13% to $2.2 billion due to lower prices. January-September revenue fell -17% on-year to $6.86 billion, again due to lower prices and semi-finished products’ greater share in overall sales. Ebitda in Q3 totalled $579 million, down by -1% on-quarter and -11% on-year. January-September Ebitda decreased by -16% on-year to $1.8 bi…
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