Steel Mills
NLMK USA Output Drops 31% in 2015
Written by Sandy Williams
January 21, 2016
NLMK USA crude steel production for Q4 2015 totaled 0.08 million tonnes (metric tons), a drop of 46 percent from the previous quarter and 50 percent from the prior year. Finished steel output fell to 0.35 million tons in the quarter (-30% qoq and -27% yoy). NLMK attributed lower production to challenging market conditions and maintenance activities during the quarter.
NLMK USA sales fell 28 percent quarter over quarter to .36 million tonnes. Destocking of inventory and weak prices for rolled steel contributed to falling sales.
For the full year 2015 output was down 31 percent year over year to 0.46 million tonnes due to major repairs at NLMK Indiana at the beginning of 2015 and reduced output in the final quarter.
Yearly sales declined 13 percent to 1.76 million tonnes due to the influx of imported rolled products into the and flat demand.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.