NLMK increases slabs sales in Q1 on higher shipments to Belgium

Sales of steel slab by Russia's largest steelmaker, Novolipetsk Steel (NLMK), increased in January-March 2020 mainly on shipments to its Northen European joint venture - NLMK Belgium Holdings (NBH) - according to an operational report released by the company on Wednesday April 15.

The company's slab sales came to 1.67 million tonnes in the first quarter of 2020, up by 11% compared with 1.497 million tonnes in the the fourth quarter of 2019.
Over the period, slab sales to the company's internal customers increased to 970,000 tonnes. That was up by 14% from the previous quarter, when shipments came to 851,000 tonnes.

Within the total...

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