NLMK expects a ‘mild’ recovery in 2d qtr.

May 17, 2012 | 04:53 PM | Chris Prentice

Tags  Novolipetsk Steel, NLMK, quarterly earnings, steel output, steel sales, Chris Prentice

NEW YORK — Russia’s OJSC Novolipetsk Steel (NLMK) forecast a 10-percent rise in global sales for the second quarter after logging a marginal 1.3-percent gain in sales from the fourth quarter.

Net income totaled $172.9 million during the quarter on sales of $3.1 billion.

Falling steel prices weighed on gains in output and sales volumes for the three months ended March 31, NLMK said.....

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