A summary of the financial results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the second quarter of 2020.
In brief In the second quarter, sales to export markets grew by 51% quarter on quarter and by 71% year-on-year, to 2 million tonnes. This was supported by increased sales of hot-rolled coil, slab and pig iron, mainly to Southeast Asia and China. Deliveries were reassigned to the Asian market amid lower demand in other markets in April and May, the company said. Sales to home markets declined by 24% quarter...