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20 Feb
16:18

Season, maintenance curb NLMK first-quarter output growth

NLMK expects steel output to be flat on-year in the first quarter at 4.2 million tonnes, under pressure from the seasonal slowdown in the market and planned maintenance at NLMK Lipetsk. The Russian steelmaker saw consolidated revenue rise 10% on-quarter in the fourth quarter of 2017 to $2.82 billion thanks to increased sales prices and shipments, with Ebitda increasing 21% to $786 million. In 2017 revenue surged 32% on-year to $10.07 billion and net profit rose …
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