31
Mar
01:00
NLMK looks to trim 18m of fixed costs from EU flats operations by 2017
Russia’s NLMK says it needs to continue restructuring its European strip division to enable it to “clear a path so it can break even by 2017”. The aim is to cut fixed costs from the €83 million and €78m reported in 2013 and 2014 respectively, to around €60m in 2015-’16, Oleg Bagrin, NLMK’s ceo said at the company’s recent capital markets day.
Plans to close or make certain production units more efficient are a…
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