Russia: Q1 2019 NLMK Group Trading update

NLMK Group has published today its preliminary Q1 2019 operating results. Steel output decreased by 4% QoQ, to 4.2 million tons due to the overhauls at the Russian sites and seasonal factors. A 3% YoY steel output reduction is also due to the overhauls in Q1. Steel capacity utilization remained high at 96% (-2%). Sales…