27
Jul
14:19
Increasing prices boost NLMK revenue in Q2
Russia’s NLMK posted a 19% on-quarter revenue increase to $1.87 billion in the second quarter, says the company in a statement sent to Kallanish.
In Q2 prices for steel products recovered on a q-o-q basis on the back of the increase in raw material prices and restocking at customers. Revenue rose “…despite the sales recognition lag in a growing market – for export operations it is up to 2 months after shipment,” says NL…
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Anonymous
Very good overview of the weekly steel market.
Anonymous