Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

NLMK’s crude steel output increased by 1pc to 15.8mn mt in 2020 against the prior year. The company’s total sales increased by 3pc to 17.5mn mt while its pig iron sales tripled to 1.5mn mt from last year. 


The NLMK Lipetsk blast furnace was overhauled during the year, which slightly lowered steel output goals for the year. The company’s sales dropped by 6pc to 10.7mn mt in 2020 against the previous year primarily due to lower shipments in the US market and lower long product sales in the Russian market due to the pandemic. Export sales increased by 17pc to 6.8mn mt in 2020 compared to the year-ago figure. 


In Q4 2020, NLMK’s crude steel output climbed by 3pc to 3.9mn mt against the same quarter last year and was up 1pc against the immediately preceding quarter. Annual sales grew by 1pc to 4.2mn mt in Q4 against the same quarter a year ago. Sales in home markets declined by 10pc to 2.6mn mt in Q4 2020 against the same year-ago quarter driven by lower steel product sales in Russia. Export markets rose by 21pc to 1.6mn mt in Q4. 

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