Steel Mills
NLMK Q2 Trading Update
Written by Sandy Williams
July 13, 2018
Sales by NLMK’s U.S. mills grew 15 percent to 638,000 metric tons in the second quarter of 2018 compared to the first, triggered by trade restrictions, said the company in a trade update on Friday.
NLMK USA sales included 369,000 metric tons of hot-rolled steel, 129,000 tons of cold-rolled, and 139,000 ton of galvanized steel.
Steel product pricing was up 10-15 percent quarter-over-quarter due to growing demand from the automotive and construction sectors, as well as steel import restraints.
Slab sales to its foreign subsidiaries, NLMK USA and NLMK Dansteel, decreased 30 percent quarter over quarter to 458,000 metric tons.
NLMK Group sales totaled 4.38 million metric tons, an increase of 6.0 percent quarter-over-quarter and 4.0 percent year-over-year, due to growth of flat steel sales in Russia and the U.S.
Group capacity utilization rate was at 99 percent during the quarter. Total steel output grew 1.0 percent to 4.38 million metric tons.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Primetals to replace two EAFs at US mill
Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.