Steel Mills
NLMK USA 3Q Sales and Production
Written by Sandy Williams
October 19, 2015
NLMK USA third quarter 2015 sale volume totaled 494,000 tonnes, up 3 percent from Q2 but 7 percent below sales for third quarter 2014. Automotive demand and recovery of the construction sector contributed to the quarterly increase in sales.
Hot rolled sales of 271,000 tonnes were up 2 percent from Q2 but 13 percent below Q3 2014. Cold rolled steel sales totaled 133,000 tonnes and galvanized steel 89,000 tonnes, a year over year change of -3 percent and +10 percent, respectively.
Market conditions improved quarter over quarter with crude steel production at NLMK USA at 151,000 tonnes, up 15 percent from second quarter although down 14 percent year over year. Finished steel output rose 1 percent q/q to 50 million tonnes.
In nine month results, lower crude steel output of 380,000 tons (down 25 percent y/y) was due mainly to repair work at NLMK Indiana early in 2015. Nine month sales felt the effects of growing competition in the US market, declining to 1.4 million tonnes for the period. Galvanized steel sales fared better at 25 million tonnes, an increase of 7 percent year over year driven by steady demand for HVA products.
NLMK expects softening demand in North America in Q4 which could negatively affect results at NLMK USA.
NLMK USA includes NLMK Indiana, NLMK Pennsylvania, and Sharon Coating.
We thought our readers would be interested in the Russian parent company’s cost structure for the production of slabs (FOB Russia):
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
SDI presses on with steel, aluminum investments
Steel Dynamics Inc. remains optimistic about its prospects as it ramps up flat-rolled steel operations and prepares for the production of aluminum products next year. Executives from the Fort Wayne, Ind.-based steelmaker provided an update on the company’s operations on a conference call on Thursday held to discuss SDI’s third-quarter earnings results.
CMC earnings slide, but still near top mark
CMC Fourth quarter ended Aug. 31 2024 2023 Change Net sales $1,996.1 $2,209.2 -9.6% Net income (loss) $103.9 $184.2 -43.6% Per diluted share $0.90 $1.56 -42.3% Full year ended Aug. 31 Net sales $7,925.9 $8,799.5 -9.9% Net income (loss) $485.5 $859.7 -43.5% Per diluted share $4.14 $7.25 -42.9% (in millions of dollars except per share) […]
SDI posts lower Q3 profit, sees better times in ’25
Steel Dynamics Inc. (SDI) reported a drop in third-quarter profits driven largely by lower flat-rolled steel prices. The Fort Wayne, Ind.-based electric arc furnace (EAF) steelmaker also saw scrap prices slip. That happened because of softer demand from domestic mills taking planned maintenance outages.
Cliffs hosts fireside chat on industry, union, government collaboration
Cleveland-Cliffs’s Chairman, President, and CEO Lourenco Goncalves hosted a fireside chat with US Trade Representative Katherine Tai and Acting Secretary of Labor Julie Su on Friday at the company’s plate mill in Coatesville, Pa.
Nippon agrees to sell Calvert stake, if USS deal closes
ArcelorMittal is set to take full ownership of AM/NS Calvert if Nippon Steel finalizes its pending acquisition of U.S. Steel.