Steel Mills
NLMK USA Sales Level Off in Q3
Written by Sandy Williams
October 17, 2016
NLMK USA produced 100,000 tonnes of crude steel and 420,000 tonnes of finished steel in third quarter 2016. Sales volume decreased to 440,000 tonnes (485,000 net tons) from 522,000 tonnes (575,000 net tons) in second quarter, down 15 percent quarter-over-quarter and down 10 percent year-over-year. NLMK attributed the decline in sales to weaker client demand as customers inventory building leveled off.
In the nine month overview, NLMK USA sales increased 2 percent year-over-year to 1.44 million tonnes. The increase was supported by stable demand from key customers, restocking by trading companies and U.S. trade restrictions against imported rolled products, said NLMK.
Nine months 2016 = 1,582,000 net tons (metric ton = 2,204.62 pounds) vs. 1,551,000 net tons for the first 9 months 2015.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Gerdau reshapes North American footprint as tariffs squeeze long steel imports
Gerdau is repositioning its North American business to capitalize on a sharp shift in steel trade flows driven by elevated tariffs across the US, Canada, and Mexico.
CRU: Interest in AHMSA is growing
Representatives of at least six companies interested in acquiring AHMSA have reportedly begun to carry out physical inspections of the insolvent company’s assets.
USW urges Algoma to diversify product line as $500M lifeline meets wider Q3 losses
The United Steelworkers (USW) is pushing for transparency after Algoma Steel announced earlier this week that it has received CA$500 million in financing from the Canadian government.
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
Algoma speeds up EAF transition, shifts focus to supplying mostly plate to Canadian market
Upended by the Trump regime's tornado of tariffs, Algoma Steel is pivoting on its cross-border business model, shifting its focus to supplying the Canadian market.