Steel Mills
NLMK USA Sales Hit All-Time High in 2017
Written by Sandy Williams
January 17, 2018
NLMK USA’s 2017 sales hit an all-time high of 2.25 million metric tons (2.48 million net tons), a surge of 21 percent, supported by demand from pipe manufacturers, construction companies and machine builders. Pricing for steel products in the U.S. grew by 15-19 percent compared to 2016. Growth was also positively impacted by the re-start of the #2 hot-dip galvanizing line at Sharon Coating in February 2017.
Crude steel output increased 11 percent to 620,000 metric tons last year. Finished steel output jumped 21 percent to 2.16 million metric tons on higher product demand. Supply of slabs from NLMK Lipetsk increased 25 percent year-over-year to 1.59 million tons.
Sales for fourth quarter declined 3.0 percent to 550,000 metric tons compared to the third quarter due to lower seasonal demand.
Russian steelmaker NLMK Group’s fourth-quarter steel output grew 2.0 percent year-over-year to 4.32 million metric tons. Output was down 2.0 percent from the third quarter due to seasonal slowdown for long products and planned maintenance.
For the year, NLMK Group sales increased 3.0 percent to 16.47 million metric tons, supported by a 21 percent jump in U.S. sales for 2017 and recovering demand in Russia and Europe. Sales of finished steel increased by 5 percent year-over-year to 10.8 million tons, accounting for more than 65 percent in the group’s total sales.
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.