NLMK Group Sales in 2020 Increases by 3% YoY
Russian steel maker NLMK Group announced that its sales grew by 3% YoY to 17.5 million tonnes in 2020 as steel output increased by 1% YoY to 15.8
Russian steel maker NLMK Group announced that its sales grew by 3% YoY to 17.5 million tonnes in 2020 as steel output increased by 1% YoY to 15.8 million tonnes. NLMK’s sales growth in 2020 was supported by a three-fold YoY increase in pig iron sales to 1.5 million tonnes, amid lower steel output during BOF overhauls at NLMK Lipetsk.
Sales of semi-finished products to third parties grew by 25% YoY to 4.9 million tonnes due to higher pig iron and billet exports. Slab sales to NBH totalled 2.1 million tonnes, flat YoY. Finished rolled steel sales declined by 5% YoY to 10.5 million tonnes amid weak demand in April-May 2020 and sales redistribution to semi-finished products.
Sales on home markets reduced by 6% YoY to 10.7 million tonnes, due mostly to lower shipment volumes on the US market and long product sales in Russia. Sales in Russia remained flat YoY at 6.7 million tonnes while sales on export markets increased by 17% YoY to 6.8 million tonnes, driven by higher exports of pig iron to the US, Chinese, and Turkish markets