Steel Mills
January 17, 2018
NLMK USA Sales Hit All-Time High in 2017
Written by Sandy Williams
NLMK USA’s 2017 sales hit an all-time high of 2.25 million metric tons (2.48 million net tons), a surge of 21 percent, supported by demand from pipe manufacturers, construction companies and machine builders. Pricing for steel products in the U.S. grew by 15-19 percent compared to 2016. Growth was also positively impacted by the re-start of the #2 hot-dip galvanizing line at Sharon Coating in February 2017.
Crude steel output increased 11 percent to 620,000 metric tons last year. Finished steel output jumped 21 percent to 2.16 million metric tons on higher product demand. Supply of slabs from NLMK Lipetsk increased 25 percent year-over-year to 1.59 million tons.
