Russia's NLMK will increase shipments of slab to its subsidiaries as part of its Strategy 2023, the company told Fastmarkets.
Earlier in February, NLMK idled a strip mill at its Belgium-based subsidiary NLMK La Louvi??re until March to install three new finishing lines. The revamp will enable production of thinner, stronger and more environmentally-sound steel, according to the company.The company started the ?,?150 million ($180.7 million) project to upgrade its hot strip mill in 2019 to increase its capacity to 2.2 million tonnes by 2022 from...