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Russian Mining and Steelmaking Sees Its Crude Steel Output to Reached 3.86 Million Tons

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Core Tip: According to report, Russian mining and steelmaking group sees its crude steel output to reached 3.86 million tons in April- Jun

According to report, Russian mining and steelmaking group sees its crude steel output to reached 3.86 million tons in April- June quarter, about 4~5% rise from January-March quarter. The company just reported its first quarter output was 3.7 million tons, a slight increase quarter from quarter to 0.5%. The facilities operated close to maximum utilization rate. NLMK 's total sales in the first quarter, including steel products and pig iron, increasing by 2% to 3.8 million tons. In addition, the steel flat sales increased by 8% from last quarter and sales of value-added products rose by 9% from last quarter to 1.3 million tons. The domestic sales accounts for 36% of the total sales and rest from the foreign sales is 64% of total. The major export markets are Europe, the US, Southeast Asia and the Middle East.

 
 
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