NLMK will shift slab to other export markets if US blocks imports

Russia’s largest steelmaker, Novolipetsk Steel (NLMK), will sell 1.0-1.3 million tonnes of slabs in other export markets if the USA decides to block steel product imports, Metal Bulletin learnt on Wednesday April 26.

Earlier this month, US President Donald Trump signed a memorandum launching an investigation into whether steel imports pose a threat to his country’s national security.
“Under the most bullish scenario, all steel imports could be blocked,” Seth Rosenfeld, an equity analyst at investment bank Jefferies, wrote in a recent research note.

According to Rosenfeld, the definition of “national security” is vague, but it could be expanded to include non-defence sectors such as energy and infrastructure. And...

Published

Vlada Novokreshchenova

April 28, 2017

15:28 GMT

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