Steel Mills
October 13, 2020
Strike Impairs NLMK USA Production in Q3
Written by Sandy Williams
Sales at NLMK USA plunged 33 percent year-over-year in the third quarter of 2020 due to lower production resulting from the strike at NLMK Pennsylvania. Compared to the previous quarter, USA sales jumped 11 percent to 370,000 metric tons following the completion of repairs at NLMK Indiana and recovery in steel demand.
Weak steel consumption in the first nine months of the year caused sales to tumble 29 percent to 1.2 million metric tons. High-value products in the NLMK USA portfolio increased by 3 percent to 49 percent during the period.
