Steel Mills
March 31, 2015
NLMK USA Steel Shipments Drop in Q4
Written by Sandy Williams
NLMK USA shipped 489,000 tonnes of flat rolled steel products in Q4 2014 compared to 534,000 tonnes in the previous quarter, a drop of 9 percent q/q. Revenue for fourth quarter was $405 million, down from $445 million in Q3. EBITDA for the quarter was $19 million compared to $36 million in Q3 and $30 million in Q4 2013.
Steel capacity utilization was at 84 percent in Q4 down from 91 percent in in the previous quarter. The company blamed weakening U.S. demand and low steel prices for the quarterly decrease in results. The breakdown by steel product was 20 percent galvanized, 23 percent cold rolled coil, and 56 percent hot rolled coil.
