A summary of operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), for January-June 2021 compared with the same period of last year
In brief NLMK group sales of 8.24 million tonnes were down by 7% year on year from 8.86 million tonnes. Sales in its home markets, which include Russia, the US, Belgium, Italy and France, increased by 3% to 5.5 million tonnes from 5.36 million tonnes, mainly due to higher shipments to Russia as well as redistribution of slab supplies to NLMK USA amid strong consumption there. Sales in Russia grew by 9% year on year to 3.49 million tonnes from 3.21 million tonnes. Sales in export markets decreased by 23% year on year to 2.61 million tonnes from 3.38 million tonnes due to the high base effect. Volumes in the first half of 2020 were redistributed in favor of exports...