|October 17, 2022|
Q3 and 9M 2022 NLMK Group Trading Update
Q3 2022 highlights:
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
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:
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