Steel Mills
February 22, 2018
NLMK USA Sales Up 21% in 2017
Written by Sandy Williams
NLMK USA’s fourth-quarter sales and shipments dropped 3 percent from the third quarter due to expected seasonality. Sales totaled $410 million on shipments of 550,000 metric tons. Prices in the fourth quarter were flat due to uncertainty surrounding the pending Section 232 investigation.
For full-year 2017, NLMK USA sales increased 21 percent from 2016 to an all-time high of 2.24 million metric tons. Revenue increased 44 percent to $1.6 billion. The company cited a better product mix following the start of an additional galvanizing line last year and a 19 percent jump in average sales prices.
