28
Apr
17:39
NLMK sees weaker pricing outlook, boosts profitability
NLMK says the outlook for global steel prices has weakened due to the supply-side response and softer commodity prices. Russian demand is weaker than normal due to high stocks, but normalisation is expected later in the year. Russian demand should rise 1.8% on-year in 2017.
NLMK’s consolidated revenue rose 37% on-year in the first quarter to $2.16 billion thanks to stable shipments and an uptick in sales prices, while net profit soared 472% to $322.4 milli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous