Novolipetsk soars back into the black

摘要

Russia's NLMK moved sharply into profit in the first quarter of this year, helped by the reduction in costs and a weaker rouble. The steel maker posted a net income of $174 M (?127 M) in the March quarter compared with a $21 M loss in the December quarter on revenues of $2.64 bn, up 5% q/q. Sales volume rose 8% over the same period to 3.89 Mt.