28 January 200907:49
NLMK produces 40.2% less steel in last quarter of 2008
‘The unfolding global economic crisis that broke out in the last quarter of 2008 resulted in the dropping demand for steel produce and therefore plummeting prices. Therefore Novolipetsk Iron & Steel Works (NLMK) and NLMK Group’s major enterprises did less impressively in terms of output last year compared with 2007,’ says the spokesperson for Novolipetsk Iron & Steel Works. The enterprise produced 1.367 million tons of cast iron in October-December 2008, which was 38.8% less than in July-September 2008; then, their steel, slab, hot-rolled iron, and cold-rolled iron output reached