In 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY.
Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total sales.
Sales on home markets reached 10.75 million tons, up by 4% YoY, mainly supported by the 21% growth in sales in the US, and the 4% growth in flat steel sales in Russia, to 4.4 million tons. NLMK Group sales on home markets accounted for 65% of total sales.
Crude steel output grew by 2% YoY in Q4 2017, to 4.32 million tons. A 2% QoQ cutback was due to the seasonal slowdown in demand for long products, and planned maintenance.
NLMK Group sales grew by 3% QoQ, to 4.4 million tons due to the growth of sales on external markets against the backdrop of the seasonal slowdown in demand for finished steel in Russia.
Growth of sales compared to Q4 2016 totaled 20% driven by increased demand for flat steel in Russia and the USA as well as by intensified sales of semi-finished products on external markets.
NLMK Group sales on its home markets totaled 2.82 million tons in Q4 2017 (-1% QoQ, but +19% YoY). Russian sales declined by 5% QoQ (+26% YoY). NLMK Group sales on home markets accounted for 65% of total sales (-2% QoQ and flat YoY). (NLMK/Ukrainian metal)
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