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04 May
01:00

NLMK sees Q2 seasonal demand improvement in Russia, higher Lipetsk output

NLMK expects a stronger performance in the second quarter thanks to a seasonal improvement in steel buying activity in the Russian market. Production at its Lipetsk site is set to grow following the completion of major maintenance works, Kallanish learns from the Russian steelmaker. This comes after the firm’s consolidated sales of flat and long products declined -5% and -10% respectively on-year in Q1 to 1.82 million tonnes and 441,000t. Billet sales …
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