NLMK cast iron sales drop 20.9%

Novolipetsk Iron & Steel Works (NLMK) produced 2% less steel in the fourth quarter of 2009 compared to the third quarter; the steel output came to 2.9 million tons in October-December 2009. Also, the company’s metal products output decreased by 3% compared to the third quarter of 2009 and reached 2.9 million tons in the fourth quarter of the year.


In addition to this, the company’s metal products output went down by .3% in 2009 compared to 2008; the figure came to 10.6 million tons. The cast iron sales decreased by 20.9% last year compared to the year 2008 and by 29% in the last quarter of 2009 against the previous quarter.


Nevertheless, NLMK’s steel output rose by 1% in 2009 against 2008 and amounted to 10.6 million tons.


Other materials on the topic::