Steel Mills
January 21, 2016
NLMK USA Output Drops 31% in 2015
Written by Sandy Williams
NLMK USA crude steel production for Q4 2015 totaled 0.08 million tonnes (metric tons), a drop of 46 percent from the previous quarter and 50 percent from the prior year. Finished steel output fell to 0.35 million tons in the quarter (-30% qoq and -27% yoy). NLMK attributed lower production to challenging market conditions and maintenance activities during the quarter.
NLMK USA sales fell 28 percent quarter over quarter to .36 million tonnes. Destocking of inventory and weak prices for rolled steel contributed to falling sales.
