NLMK’s steel sales rise 3% y-o-y in CY’20

The company’s overall sales increased by 3% y-o-y to 17.5 mn t in the CY’20, supported by a three-fold y-o-y increase in pig iron sales to 1.5 mn t, amid lower steel output during BOF overhauls at NLMK Lipetsk. Domestic sales reduced by 6% and exports increased by 17% on a y-o-y basis driven by higher exports of pig iron and billet.