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Novolipetsk's Q4'18 steel output up 1%, sales rise 6% YOY

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Novolipetsk's Q4'18 steel output up 1%, sales rise 6% YOY

PJSC Novolipetsk Steel said Jan. 18 that steel output in the fourth quarter of 2018 rose 1% year on year to 4.4 million tonnes.

Sales in the period grew 6% to 4.6 Mt driven by higher demand for slabs and pig iron in the Russian steelmaker's export markets.

Sales in home markets fell 12% to 2.5 Mt due to a seasonal fall in Russian demand, while sales to international markets rose 33% to 2.1 Mt driven by the growth of semifinished product exports from Russia.

Iron ore concentrate output for the quarter rose 12% year on year to 4.8 Mt, with pellet output up 2% to 1.7 Mt.

Full-year 2018 steel production rose 2% to 17.5 Mt, and sales rose 7% to 17.6 Mt due to demand growth in Novolipetsk's key sales markets.