27
Oct
15:27
NLMK third-quarter revenue remains flat, but profit up
NLMK’s consolidated revenue was flat quarter-on-quarter in the third quarter at $2.55 billion as a 1% rise in shipments offset a fall in average sales prices. Net profit rose 4% to $357 million, driven by operating profit growth that offset the increase in financial expenses related to early repayment of debt.
“Q3 sales in our home markets hit an all-time high of 2.88 million tonnes, ensuring high steelmaking capacity utilisation rates,” N…
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Anonymous
Very good overview of the weekly steel market.
Anonymous