26
Jul
14:03
NLMK's revenue falls on lower output, prices
NLMK Group's consolidated second-quarter revenue decreased on-quarter and on-year by -3% and -10% respectively to $2.8 billion, as a result of blast and basic oxygen furnace upgrades at the Lipetsk site. Another factor was lower sales prices during the quarter. January-June revenue also slipped, by -4% on-year to $5.7 billion, the company says.
The Q2 decrease in output was partially offset by higher sales prices for some products and sales volumes of higher…
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