NLMK USA posts weaker sales in Q4 and full year, blames challenging market

摘要

NLMK USA, Russia’s NLMK subsidiary in North America, ended Q4 and full year 2015 with a steep fall in steel productsales due to the unfavourable market conditions.Overall 2015 crude steel output dropped 31% year-on-year due to “major repair works at NLMK Indiana steelmakingfacilities conducted at the beginning of 2015,” along with lower production rates in the year end, Metal Expert learntfrom the company press release. In Q4, crude steel production slumped 46% compared to Q3.