29
Oct
13:32
NLMK's revenue increases despite some market weakness
Russian vertically-integrated steelmaker NLMK reported strong growth for the third quarter and January-September.
The group's Q3 Ebitda increased 11% on-quarter to $1.02 billion, the highest since 2008. Profitability reached 32% and net income increased 11% to $646 million, while the net debt to Ebitda ratio shrunk to 0,25x. Revenue remained flat on-quarter at $3.1 billion, as decreased sales prices were offset by sales growth and product portfolio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous