Steel Mills
NLMK USA Sales Volume Up 5.1% in Q3
Written by Sandy Williams
October 20, 2013
NLMK USA steel sales totaled 451,000 metric tons (497,141 net tons) for third quarter of 2013, an increase of 5.1 percent from second quarter and 8.7 percent from third quarter 2012.
The increase was due mostly to greater US sales for hot rolled coil (HRC) and galvanized steel—275,000 tonnes (303,135 net tons) and 65,000 tonnes (71,650 net tons), respectively. Cold rolled sales totaled 111,000 tonnes (122,356 net tons), almost the same as second quarter at 110,000 tonnes.
Rolled product output for NLMK USA totaled 442,000 MT (487,221 net tons), down 4 percent quarter-over-quarter. Production at NLMK Indiana increased 5 percent to 176,000 tonnes (194,000 net tons) in the third quarter.
Service centers received 40 percent of the US division sales; 30 percent went to tube and pipe and the rest to construction and automotive companies.
NLMK Group (Russia) reported crude steel production up by 3 percent quarter over quarter to 3.897 million tonnes. Steel product sales decreased 1.4 percent to 3.719 million tonnes mostly due to a 90 percent reduction (82,000 tonnes) in pig iron sales. Sales were mostly to the Russian market (43 percent) with key export markets Europe, USA, South East Asia and the Middle East.
NLMK Group expects steel output to increase by 6 percent in fourth quarter and finished product sales to total approximately 3.9 million tonnes.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.