NLMK says April-June steel output falls 5% to 3.992 mln tns

MOSCOW, Jul 15 (PRIME) -- Russian steelmaker Novolipetsk Steel (NLMK) reduced its production of steel by 5% on the quarter to 3.992 million tonnes in April–June because of overhaul works at the blast furnace and basic oxygen furnace facilities, the company said in a statement on Monday.

Loading fell to 96% from 98%, and consolidated sales shrank 7% to 5.268 million tonnes.

In January–June, production fell by 6% on the year to 8.175 million tonnes. Loading decreased to 97% from 99%, but consolidated sales went up 4% to 8.882 million tonnes in line with growing demand for rolled metals in Russia and thanks to the sales of stocks accumulated at the end of 2018, NLMK said.

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