Steel Mills
NLMK Q2 Trading Update
Written by Sandy Williams
July 13, 2018
Sales by NLMK’s U.S. mills grew 15 percent to 638,000 metric tons in the second quarter of 2018 compared to the first, triggered by trade restrictions, said the company in a trade update on Friday.
NLMK USA sales included 369,000 metric tons of hot-rolled steel, 129,000 tons of cold-rolled, and 139,000 ton of galvanized steel.
Steel product pricing was up 10-15 percent quarter-over-quarter due to growing demand from the automotive and construction sectors, as well as steel import restraints.
Slab sales to its foreign subsidiaries, NLMK USA and NLMK Dansteel, decreased 30 percent quarter over quarter to 458,000 metric tons.
NLMK Group sales totaled 4.38 million metric tons, an increase of 6.0 percent quarter-over-quarter and 4.0 percent year-over-year, due to growth of flat steel sales in Russia and the U.S.
Group capacity utilization rate was at 99 percent during the quarter. Total steel output grew 1.0 percent to 4.38 million metric tons.
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.