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14 Apr
22:22

NLMK sees production and sales strengthen in Q1

Russia’s NLMK saw a buoyant first quarter 2016 in which most production and sales indicators strengthened both quarter-on-quarter and year-on year. The steelmaker was commenting in its Q1 2016 trading update sent to Kallanish. Crude steel output increased to 4.0 million tonnes, up 3% both q-o-q and y-o-y, driven by higher production in the Russian long products segment and at NLMK USA. Group steelmaking capacities ran at 93% (+1 percentage point q-o-q and …
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