A summary of operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), for the January-March quarter of 2021. The company also has assets in Europe and the United States.
In brief Steel product sales to export markets fell to 1.2 million tonnes, down by 21% quarter on quarter, with a decline in pig iron sales but a rise in intragroup slab deliveries. Sales in home markets increased by 4% quarter on quarter to 2.7 million tonnes. Sales in Russia went up by 4% quarter on quarter to 1.7 million tonnes, supported by high demand for long steel products. In the US, sales were up by 16% quarter on quarter, reaching 400,000 tonnes, due to better capacity utilization. In the EU, sales decreased by 4% quarter on quarter to 600,000 tonnes, against a backdrop of planned equipment upgrades.Production Steel output...