NLMK exported 10.91 million tonnes of semi-finished and finished steel products from its flat and long steel divisions in 2018. This was an increase of 9.1% from the divisions’ total exports in 2017, which was 10 million tonnes.
Meanwhile, domestic sales in Russia came to 5.78 million tonnes. This was a reduction of 4% from local shipments a year before, which totaled 6.02 million tonnes.
Sales to the home market fell due to decreased shipments from the company’s flat steel division because of “lower demand in the large-diameter pipes [LDP] segment and the construction industry, and planned hot-rolling mill maintenance.”
Finished steel sales by NLMK’s Russia flat products division were down by 6% year-on-year in 2018 to 5.55 million tonnes, against 5.89 million tonnes in 2017.
Meanwhile, sales of finished steel...