25
May
09:41
NLMK's semis exports offset weak local demand: Fitch
NLMK’s ability to raise semi-finished product export sales either to subsidiaries in Europe and the US or third parties should help compensate for the decline in Russian domestic steel demand in 2016, Fitch says.
NLMK's sales grew 4.8% on-year in 2015 to 15.9 million tonnes, while growth at its Russian peers was lower or negative owing to an -8% on-year decline in Russian steel consumption. NLMK has also benefited from strong demand for large diameter …
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Anonymous
Very good overview of the weekly steel market.
Anonymous