Russia: NLMK revenue down in Q1 2018

NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…