NLMK Group is pleased to announce its Q1 2015 Trading Update.
- Q1’15 steelmaking utilization rates of the Group were 96%, including 100% at the Lipetsk site.
- Q1’15 Group’s steel output was 3.87 mln t (-6% qoq). Q2’15 steel output will grow, offsetting the Q1 decline driven by scheduled maintenance works at NLMK USA and the Lipetsk plant.
- Growth in Q1’15 sales of 3% qoq to 3.96 mln t was supported by stable demand in the international markets.
- International sales (ex. Russia) increased by 13% qoq to 2.55 mln t; their share in the sales mix sequentially increased from 59% to 64%.
Q2’15 operating results are expected to grow driven, among other factors, by the seasonally improved buying activity in the Russian market.