23
Jul
17:23
NLMK's second-quarter revenue shrinks, but profitability rises
NLMK says it expects lower on-year steel output at its principal Russian Lipetsk site in the third quarter. The decrease will stem from undertaking the second stage of major overhauls of its hot-end operations, namely blast furnace No.4 and basic oxygen converter No.3, Kallanish notes.
Although consumption in all major steel consuming regions declined in the second quarter due to Covid-19 lockdowns, there was an equally steep drop in steel output volumes…
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Anonymous
Very good overview of the weekly steel market.
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