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.
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.