In 2012, NLMK declined net profit by 27%

In 2012, NLMK declined net profit by 27.45% to 25.15 billion rubles, gross profit by 17.02%, sales profit by 47.1%, and increased revenue by 8.57%. An additional growth factor was enlargement in share of products with added value, that compensated common decline in steel price versus 2011. Operational profit declined due to reduction in average steel price and growth in price of raw materials and energy resources. In Q4, gross profit and sales profit declined correspondently by 28.96% and 73.63%, due to decline in steel price in comparison to raw materials price.