NEW YORK NLMK
USA saw a pickup in flat-rolled steel sales in the third
quarter due to strengthening demand.
Ind.-based steelmaker, a division of Russias 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
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.
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.