In Q1 2018, steel output totaled 4.33 m t, flat qoq (+3% yoy). Capacity utilization rate grew by 3 p.p. to 99%. Group sales in Q1 2018 totaled 4.15 m t, which is 13% higher than in Q1 2017 (-5% qoq).
Q1 2018 highlights:
* Hereinafter, Q1 output and sales data is preliminary and can be updated. Hereinafter NLMK Group steel output and sales by market are shown taking into account NBH performance. Sales by product are shown without taking into account NBH performance. Sales to NLMK Group’s home markets are understood to be sales by NLMK Group companies in the regions where the products are produced in Russia, the EU and the USA.