Steel Mills
NLMK Update Shows Decline in U.S. Sales and Output
Written by Sandy Williams
July 15, 2020
NLMK Group reported a 2 percent year-over-year increase in sales during the second quarter of 2020 for total sales of 4.4. million metric tons. The increase was attributed to higher exports of slab and pig iron. Sales declined 3 percent from Q1 2020. Overall steel output declined to 3.9 million tons as a result of lower steel output at NLMK Russia Long Products and NLMK USA.
NLMK USA sales fell 39 percent from first to second quarter to 330,000 metric tons due to lower demand and routine maintenance at the Indiana plant.
Sandy Williams
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