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12 Apr

NLMK to release Black Sea semis shipment bottleneck

NLMK’s first-quarter steel output grew on-quarter and on-year, but sales fell on lower merchant semi-finished product shipments. Stocks piling up in Black Sea ports due to adverse weather conditions have contributed, and will be sold in Q2, NLMK says. Consolidated crude steel output rose 12% on-quarter and 4% on-year to 4.4 million tonnes on full capacity utilisation following completion of upgrades at the principal Russian Lipetsk works in Q4…
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