NLMK's slab sales to US, European subsidiaries down 43% in Q3

Slab shipments to foreign subsidiaries and affiliates of Russia’s largest steelmaker, Novolipetsk Steel (NLMK), fell by 43% year on year in the third quarter of 2019.

Slab sales to the company's internal customers in the July-September quarter fell to 550,000 tonnes from 956,000 tonnes in the same period in 2018, according a company report published on Tuesday October 15. Of the total figure sales to NLMK USA and NLMK Dansteel (Denmark) dropped by 71% year on year to 119,000 tonnes in July-September 2019, against 415,000 tonnes in 2018. In August the company’s president and chairman of the management board Grigory Fedorishin announced that the company had completely switched to merchant steel slab supplies at its assets in the US, rather than continuing to import its own slab - largely because...

Published

Vlada Novokreshchenova

October 16, 2019

14:39 GMT

Dnepr