Operational results of NLMK group for Q3 and 9 months 2015
Edited by Rhod Mackenzie / 2015-10-16 02:31:55
Finance Metals and mining Russia Financial results Novolipetsk Steel NLMK Russia Metals and Mining Steel
NLMK group announces its operational results for Q3 and 9 months 2015.
NLMK group increased the production by 2% and sales by 7% in Jan-September 2015 against Jan-September 2014. The loading of the main steel making capacities stays at the level of 100%.
Key results for Jan-September 2015:
- Steel production in Jan-September 2015 rose to 12.01 mln tons (+2% y-o-y), which means 94% loading of the group’s capacities.
- Productivity growth as a result of realization of the program of operational efficiency rise allows to overcome the record levels of steel production in 2014.
- The group’s sales rose to 12.5 mln tons (+7% y-o-y) by means of sales in the foreign markets (+17% y-o-y).