Steel Mills
Correction: NLMK USA Slab Receipts and Flat Rolled Sales
Written by Brett Linton
April 25, 2014
Earlier this week Steel Market Update published slab receipts and flat rolled sales for Novolipetsk (NLMK). We inadvertently used the Russian flat rolled figures in our comparison rather than the US data. Below is a correction to the article and table. We apologize for our error.
Hot rolled steel tonnage sold by NLMK USA during the first quarter 2014 was 277,000 tons (net tons). Cold rolled sales totaled 144,000 tons and galvanized 82,000 tons. The NLMK USA division sold a total of 503,000 tons of flat rolled during the first quarter 2014.
This is a slight decrease from the 523,000 tons in flat rolled sales during the first quarter of 2013, but it is an increase over Q4 2014 and Q1 2012.
There were a large number of slabs shipped from Russia to NLMK USA during the first quarter 2014. NLMK USA received 407,000 tons during the first quarter. Compare that number against the 58,000 tons received during Q1 2013 and 118,000 tons during Q1 2012.
According to US Department of Commerce data, the United States received a total of 960,986 net tons of Russian slabs during the first quarter 2014 (March is preliminary census data, not final data quite yet).
Brett Linton
Read more from Brett LintonLatest in Steel Mills
Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]
Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."