NLMK cuts slab, pig iron sales in Q2

Russia’s Novolipetsk Steel (NLMK) reduced its sales of merchant pig iron and slab in the second quarter of 2017 amid higher deliveries to some of its foreign subsidiaries and affiliates, and higher finished steel sales, the company said on Friday July 14.

Semi-finished product sales to third parties from NLMK’s flat steel production complex in Lipetsk, Russia, totalled almost 450,000 tonnes in the April-June quarter, down by 17% year-on-year. This included 389,000 tonnes of slab, down by 12% year-on-year, and 59,000 tonnes of pig iron, down by 37% year-on-year. Separately, deliveries of slab to NLMK’s units in the USA rose by 23%...

Published

Alona Yunda

July 14, 2017

15:07 GMT

London