In April-June steel output grew by 1%, to 4.38 million tons driven by high capacity utilization at the NLMK Russia Long Products Division.
The 6% YoY growth was associated with the increase in demand for group products on its key markets.
Group sales increased by 6% QoQ, to 4.38 million tons due to the growth of flat steel sales in Russia and the US. The share of finished products in group sales grew by 2% QoQ, to 62%. Sales grew by 4% YoY, driven by the growth of pig iron and slab sales.
Group sales on home markets accounted for 62%, down by -1% QoQ and by 2% YoY in total sales.
In H1 steel output grew by 4% YoY, driven by increased demand on the group’s sales markets.
Group sales increased by 8%, to 8.53 million tons due to growth of semi-finished product sales.
Group sales on home markets accounted for 63% (flat YoY) in total sales. (NLMK/Ukrainian metal)