NEW YORK NLMK USAs galvanized steel sales fell sharply in the second quarter after the steelmaker idled one of its galvanizing lines in Sharon, Pa., amid weakening demand.
The Portage, Ind.-based steelmaker, a division of Russias NLMK Group, reported galvanized steel sales of 51,000 tonnes in the second quarter, down 39.2 percent from the first quarter and off 50.3 percent vs. the same quarter last year.
The lower coated product sales come after the company on April 24 announced plans to temporarily halt its No. 2 galvanizing line at the facility starting in late May (amm.com, April 25).
The reduction in coated steel sales contributed to a 9.6-percent quarterly drop and 11.8-percent yearly decline in total steel sales to 429,000 tonnes, NLMK said.
Hot-rolled steel sales totaled 268,000 tonnes in the quarter, down 2.5 percent from the first quarter but up 4.3 percent year on year, while cold-rolled steel sales of 110,000 tonnes were down 5.4 percent and 13.6 percent, respectively, in the same comparisons.
According to the company, 37 percent of quarterly sales went to service centers, although direct sales were also made to tube and pipe, construction and automotive companies.