In July-September steel output grew to 4.4 million tons, by 6% QoQ and by 8% YoY, due to increased output at NLMK’s Russian divisions driven by the seasonal uptick in demand on the Russian market.
Group sales grew by 1% both QoQ and YoY, to 4.24 million tons. Key growth factors: seasonal growth in demand on the Russian market and improved conditions on the global market.
NLMK Group sales on its “home markets” hit an all-time high of 2.87 million tons, up by 7% QoQ, due to the +21% QoQ (+5% YoY) growth of sales in Russia. The share of NLMK Group sales on “home markets” grew to 67% (+3% QoQ and +3% YoY). (NLMK/Ukrainian metal)