A summary of the 2020 fourth-quarter (October-December) operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States.
In brief In the fourth quarter, sales to the domestic market dropped to 2.58 million tonnes, down 7% from 2.77 million tonnes in the previous quarter amid lower steel product sales in Russia. Flat steel sales in Russia stood at 1.2 million tonnes, down 5% quarter on quarter from 1.27 million tonnes. Long steel sales to the Russian market were down by 20% quarter on quarter from 550,000 tonnes to 400,000 tonnes, on the seasonal slowdown...