Steel Mills
April 25, 2019
NLMK USA Shipments Increase in Q1
Written by Sandy Williams
NLMK USA shipments increased 19 percent to 600,000 metric tons from the fourth quarter of 2018 to the first quarter of 2019. Higher shipments resulted in $530 million in revenue—a 4.0 percent increase despite steel prices slipping 12 percent quarter-over-quarter.
NLMK USA hot rolled coil shipments totaled 330,000 metric tons and high value added products 270,000 MT. The division saw higher demand for rolled products from service centers, pipe producers, machinery and construction industries.
