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NLMK USA sees increase in Q3 flat-rolled sales

Keywords: Tags  NLMK USA, steel, hot-rolled steel, cold-rolled steel, automotive, flat-rolled, galvanized, Catherine Ngai

NEW YORK — NLMK USA saw a pickup in flat-rolled steel sales in the third quarter due to strengthening demand.

The Portage, Ind.-based steelmaker, a division of Russia’s NLMK Group, said 40 percent of its product was supplied to service centers in the three months ended Sept. 30, while direct sales were made to tube and pipe, construction and automotive companies.

The company reported hot-rolled steel sales of 275,000 tonnes in the third quarter, up 2.6 percent from the second quarter and 15.5 percent higher than in the same period last year.

Cold-rolled steel sales totaled 111,000 tonnes in the third quarter, up 0.9 percent from the previous quarter and 1.8 percent ahead of a year earlier, while galvanized steel sales of 65,000 tonnes were up 27.5 percent from the second quarter but down 5.8 percent from the third quarter of last year.

Rolled product output in the third quarter fell 4 percent from the second quarter to 442,000 tonnes "due largely to the (second-quarter) high base effect," the company said.

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