Russian steelmaker Novolipetsk's (NLMK) US steel assets performed well in the third quarter of 2021 on a combination of higher steel prices and stable demand.
"In the third quarter of 2021, average steel prices grew across all key sales markets. In the US, prices hit new highs," according to NLMK Group's chief financial officer Shamil Kurmashov. Flat-rolled steel selling prices in the US were up 23% from the prior quarter and...