Russia’s integrated steelmaker, NLMK today released its operational figures of the first quarter of CY ’20.
Key highlights
- Steel output grew to 4.4 mn t, up 12% q-o-q, with a post-overhaul increase in NLMK equipment productivity, as well as with the completion of planned maintenance at the Russia Long Products segment.
- Total sales declined by 7% q-o-q to 3.9 mn t. Sales of finished products stood at 2.7 mn t and semi-finished sales at 1.2 mn t.
- Sales to domestic markets increased by 4% q-o-q to 2.7 mn t while export sales decreased to 1.2 mn t with a decline in pig iron sales and an increase in intragroup slab deliveries.
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