AT A GLANCE: NLMK 2019 steel output down 10% on major repairs, sales down 3%

A summary of the financial results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), for both the fourth quarter of 2019 and the full year.

In brief Output and sales over the full year of 2019 were both affected by the major works being carried out on the company’s blast furnace at Lipetsk, but these began to recover in the fourth quarter once the work was completed. Full year 2019 Steel output decreased by 10% year-on-year to 15.7 million tonnes, due to major repairs at the NLMK Lipetsk blast furnace and steelmaking equipment, as well as the decrease in steel output at NLMK Russia Long Products resulting from low demand for billet in export markets. Sales volumes were down by 3%...

Published

Carrie Bone

January 20, 2020

16:48 GMT

London