NLMK USA’s fourth quarter sales declined but full year 2021 results were well ahead of 2020 levels, Kallanish learns from the flatrolled steelmaker's Russian parent company NLMK's earnings report.
Q4 sales of 522,000 tonnes were down 11% from Q3. The company attributes the decline to customers’ expectations of falling coil prices and increasing imports after the US and EU adopted the duty-free quota agreement last year. Q4 sales were 41% higher…
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