• Steel output totalled 3.9 m t (-11% qoq; +1% yoy) amid reduced production at NLMK Lipetsk due to decrease in steel demand in Europe and sanction restrictions.

• Sales went up by 8% qoq to 4.3 m t (+5% yoy) driven by normalization of steel stocks accumulated in Q2 2022 and recovery of flat steel demand in Russia and Turkey. Sales of finished products increased by 29% qoq to 2.9 m t (+4% yoy). 

9M 2022 highlights:

• Steel output totalled 12.8 m t (flat yoy).

• Sales increased by 4% yoy to 12.9 m t, including due to selling off of stocks accumulated at 2021 year-end.

Additional Materials

Press release