NLMK export sales jump 42% in Q3 CY’20

NLMK’s export sales registered 1.8 mn t during Jul-Sep’20, a growth of 42% y-o-y, with increased sales of pig iron and slabs to third parties. However, the same declined by 10% on q-o-q basis. Export sales during Jan-Sep’20, grew by 16% y-o-y to 5.2 mn t due to increased exports of pig iron (by nearly 4 times) and slabs (by 11%). US, Chinese, and Turkish markets were the main export destinations for pig iron.