Russia's NLMK to ramp up slab exports by 27% in September
World Steel News 15.9.2014
Russia's NLMK will raise slab exports by 27% to 535,000 t in September. On the whole, the material supply will soar by 36% to 600,000 t this month. Out of the volume, some 65,000-70,000 t is expected to be marketed domestically (almost a 3.5-fold rise).
By means of the hike in slab production, the mill is going to avoid the overall decrease in steel melting and steel products output during 11-12-day scheduled repairs at HR mill to start on September 22.
NLMK will reduce flats output by almost 14% month-on-month to 380,000 t in September. The major drop will be registered in the segment for merchant HR products, while production of CR products, HDG and PPGI will stay at 135,000 t, some 50,000-52,000 t and around 42,000 t respectively.
According to Metal Expert’s data, the company’s major export outlets are the EU, North America and Turkey.
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