Steel Mills

NLMK USA Sales Flat in Q1

Written by Sandy Williams

NLMK announced operating results for first-quarter 2018. NLMK Group steel output totaled 4.33 million metric tons, a 3 percent increase year-over-year. Group sales totaled 4.15 million metric tons, up 13 percent from Q1 2017. Capacity utilization grew 3 percentage points to 99 percent for the quarter. Steel slab sales to NLMK USA and NLMK Dansteel increased 86 percent from fourth to first quarter.

NLMK USA sales were relatively flat for the first quarter, improving 1 percent from the fourth quarter and declining 2 percent from first-quarter 2017. Total sales tonnage was 553,000 metric tons.

NLMK financial results will be released Tuesday, April 24.


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