Steel Mills
November 1, 2016
NLMK USA: Declining Volumes Offset by Higher Pricing
Written by Sandy Williams
The NLMK Group reports combines results for its Foreign Rolled Products Segment which includes NLMK USA and six strip and plate production sites in Europe, including NLMK Dansteel in Denmark. NLMK USA is comprised of NLMK Pennsylvania, NLMK Indiana and Sharon Coating.
The segment saw Q3 sales decline to 541,000 tonnes, down 18 percent from Q2 and 8 percent year over year. The decrease was due to softer demand and normalization of inventory in the U.S. and seasonally slower demand in Europe. NLMK USA sales totaled 444,000 tonnes for the quarter.
