Steel Mills

NLMK USA Sales Up 18 Percent in Q2
Written by Sandy Williams
August 9, 2014
NLMK USA second quarter sales increased 18 percent quarter over quarter to 540,000 tonnes (595,238 net tons). Revenue increased 13 percent q/q to $499 million. NLMK Indiana ran at 81 percent capacity in the second quarter. Profitability declined due to narrower spreads between prices for slabs and rolled steel products.
NLMK Group sales totaled 3.83 million tons in Q2 with 6 percent increase in revenue to $2.8 billion. Net income was $158 million, down 9 percent q/q. EBITDA for the first half of 2014 jumped 27 percent q/q to $594 million.
Group steel output decreased by 3 percent q/q to 3.77 million tonnes (4.08 million net tons). NLMK Group steelmaking capacity was running at 94 percent. Rolled products accounted for 72 percent of total sale. Rolled product output for the Group increased by 26.8 percent on a quarterly basis.
NLMK expects steel production in Q4 to reach 4 million tonnes (4.4 million net tons) with Q3 financial results matching or slightly higher than second quarter.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).

Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.

Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.

USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.

ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.