NLMK expects Russia to become exporter of coated steel products

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, expects the country to shift to becoming an exporter of coated products once new capacity at domestic producers comes on stream.

The commissioning of new production lines at Severstal, Magnitogorsk Iron & Steel Works (MMK) and NLMK will raise total output by more than 1.20 million tonnes per year. This will more than offset imports - Russia imported around 522,500 tonnes of hot-dipped galvanized (HDG) coil last year, according to the International Steel Statistics Bureau (ISSB). China, Ukraine and Kazakhstan are currently the largest exporters of HDG to Russia. Metal Bulletin’s assessment of the Chinese export price for January shipment of 1mm 120g zinc-coated HDG was $648-655 per tonne fob on November 21, an...

Published

Marina Shulga

November 22, 2017

18:31 GMT

Dnepr