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16 Oct
07:32

Upgrades, weak demand, dent NLMK output and sales

NLMK’s third quarter crude steel output declined by -6% quarter-on-quarter and -16% year-on-year to 3.7 million tonnes, Kallanish hears from the company. This happens amid ongoing large-scale upgrades of basic oxygen and blast furnace operations at its flagship Russian Lipetsk works, which also affected sales, the company says. Q3 2019 sales have fallen by -6% on-quarter and -9% on-year to 4mt, mainly on lower slab and billet sales. The share of higher-val…
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