The Russian steelmaker Novolipetsk Steel (NLMK) has announced its production and sales data for the second quarter ended on June 30, 2012. According to the company statement, NLMK's crude steel output in the second quarter increased to 3.842 million mt (of which 93.6 percent was produced domestically), up 5.7 percent compared to the previous quarter, while the production of finished steel increased by seven percent quarter on quarter to 4 million mt.
The total sales volume of steel products of NLMK Group in the second quarter is reported to be 3.81 million mt, down 1.6 percent year on year. However, sales of long steel products and metalware increased by 20.4 percent and 22.7 percent respectively quarter on quarter.
NLMK also stated that its crude steel production is expected to remain stable in the third quarter despite the price softening in the steel market that started in the second half of the second quarter.. The second quarter consolidated financial results are expected to be stronger than the first quarter results. Sales revenue is expected to be around $3.2 billion, and the EBITDA margin may reach around 18 percent.