Russia's NLMK expects export sales share to reach 72% in May

Russia's largest steelmaker, Novolipetsk Steel (NLMK) forecasts that the share of its sales that goes to exports will increase to 72% in May, compared with 54% in March and 52% in February, according to a financial report released by the company on Thursday April 30.

In April, the share of export sales from NLMK's Russia Flat Steel Division and Long Steel Division reached 61%. These divisions include NLMK Ural, NLMK Kaluga and cold-rolled coil producer VIZ-Stal.
"Export share has increased in anticipation of a slowdown in the Russian market," chief executive officer Grigory Fedorishin said during a conference call with the press, adding later that steel slab and hot-rolled coil (HRC) were the principal exported items.

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