Steel Mills
April 12, 2021
NLMK USA Sales Jump 16% in First Quarter
Written by Sandy Williams
Russian steelmaker NLMK said sales in its U.S. division increased 16% in Q1 2021 to 430 million metric tons. The increase was driven by hot-rolled and galvanized steel. Sales of hot rolled increased 17% from the fourth quarter of 2020 and galvanized steel sales soared 37%. Sales of cold rolled fell 13%.
On a year-over-year basis, sales plunged for both cold-rolled and galvanized steel due to the prolonged strike at NLMK Pennsylvania, which ended in March. Hot-rolled sales gained 4% compared to Q1 2020.
