NLMK’s Lipetsk site’s steel sales increase by 11 percent in 2010

Tuesday, 25 January 2011 11:20:49 (GMT+3)   |  
       

The Russian steelmaker Novolipetsk Steel (NLMK) has announced that in 2010 it main production site in Lipetsk saw its sales volumes reach 9.35 million mt, up 11 percent year‐on‐year due to a significant recovery of demand for  its key products both in the domestic and export markets.

In addition, NLMK said that production growth at the Lipetsk site in 2010 was additionally supported by increased slab deliveries to DanSteel and the SIF joint venture following a gradual recovery of demand in the European flat steel market.

Meanwhile, as the demand for steel in the Russian market recovered throughout the year, NLMK was able to increase all flat steel product deliveries to the internal market, significantly improving the sales mix in favor of high value‐added products (up 67 percent for dynamo steel and up 27 percent for transformer steel). In addition, production output at the NLMK's new galvanizing line in Lipetsk increased, driving galvanized steel deliveries up almost 80 percent compared to 2009.   

2010 (million mt)

Y-o-Y change (%)

Pig iron

0.637

+26.7

Slabs

3.953

+9.1

Hot rolled steel

2.020

+4.4

Cold rolled steel

1.519

+0.3

Hot dip galvanized steel

0.580

+78.1

Pre-painted steel

0.333

+0.7

Dynamo steel

0.267

+67.3

Transformer steel

0.040

+27.2

Total sales

9.349

+11


Similar articles

Slowdown in Turkey’s steel exports continues in September

17 Sep | Steel News

MMK announces output data for second quarter

27 Jul | Steel News

NLMK’s crude steel output moves sideways in January-September

18 Oct | Steel News

Russian steel exports down 20 percent in Q2 due to sanctions

01 Aug | Steel News

NLMK’s crude steel output down slightly in H1

25 Jul | Steel News

Russia-based NLMK restarts iron ore production at Stoilensky GOK

24 Sep | Steel News

Russia’s NLMK suspends part of longs production due to flood

21 Jul | Steel News

NLMK’s steel sales remain stable in H1

15 Jul | Steel News

NLMK’s steel output increases 11 percent in Q1 from Q4 level

16 Apr | Steel News

NLMK’s steel output down nine percent in January-September

15 Oct | Steel News