NLMK testing third-party steel slab supplies to US assets

Russia’s Novolipetsk Steel (NLMK) is testing potential new supplies of steel slab to its assets in the United States, after a 25% import tariff was imposed on deliveries of its own semi-finished product from Russia.

“We purchased small volumes from third parties in June and we are currently seeking some small volumes from domestic [US] producers of slab,” a source inside NLMK USA told Metal Bulletin on Monday August 6.
The company already sources some slab from Brazil, which country has been exempted from the US’ Section 232 import tariffs in exchange for agreeing to hard quotas of around 3.5 million tonnes per year, American Metal Market has reported.

“We are testing slab supplies from other sources and, as we have pointed out numerous times, there is not enough slab available in the US or in other markets to feed the level...

Published

Marina Shulga

August 06, 2018

14:15 GMT

London