Russia: Q2 and H1 2016 NLMK consolidated financial results
NLMK Group announced its Q2 and H1 2016 financial results. In Q2, steelmaking capacity utilization rates reached 100% (94% in Q1 2016). EBITDA increased by 59% QoQ to $460 million; EBITDA margin reached 25% (+7% QoQ). Net debt / EBITDA stood at 0.7. Q2 2016 highlights: steel output increased by 6% QoQ, to 4.2 million…