trending Market Intelligence /marketintelligence/en/news-insights/trending/TZEypNyVnuzGCwXyETBRhg2 content esgSubNav
In This List

Novolipetsk Steel books YOY rise in Q4, FY'16 steel output

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

$100,000/t price spike triggers LME trading havoc

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


Novolipetsk Steel books YOY rise in Q4, FY'16 steel output

OJSC Novolipetsk Steel, or NLMK, on Jan. 19 said its crude steel output in the fourth quarter of 2016 increased 8% year over year to 4.2 million tonnes due to improved productivity following repairs and strong demand for its products, including billet exports.

However, group sales in the quarter dropped 4% to 3.6 million tonnes, attributed to a 17% decline in semifinished product sales. Finished product sales for the quarter increased 6% to 2.25 million tonnes mainly due to a 43% growth in long steel and metalware sales.

In the full-year 2016, NLMK's total crude steel output grew 4% on a yearly basis to a record 16.64 million tonnes thanks to improved productivity.

Sales during 2016 meanwhile remained stable year over year at 15.89 million tonnes. Share of finished product sales increased by 2 percentage points to 64% on a yearly basis.

The Russian steel major did not provide any guidance for 2017.