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13 Jul
15:29

US, Russian flats drive NLMK second-quarter sales growth

NLMK reported a 9% on-quarter increase in finished steel sales in the second quarter to 2.73 million tonnes, driven by 15% growth at NLMK USA and a seasonal flat product demand recovery in Russia. Semi-finished product sales were flat at 1.65mt. The Russian Flat Products segment sales rose 3% in Q2 to 3.43mt, with hot and cold rolled coil seeing 30% and 14% increases respectively to 666,000t and 362,000t. Pre-painted steel sales grew 17% to 101,000t. Sales …
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