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22 Jan

NLMK's 2020 sales grow on pig iron surge

NLMK increased crude steel output and consolidated product sales in 2020 by 1% on-year to 15.8 million tonnes, and 3% to 17.5mt, respectively. This is on the back of blast-oxygen furnace complex overhaul completion and corresponding higher pig iron sales during the upgrade. Fourth-quarter consolidated sales fell -5% on-quarter to 4.2mt. This is despite crude steel output increasing by 1% to 3.9mt as sales of slab and long products fell on equipment upgra…
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