- Feb 28, 2018 -
2017 Russia's new steel production and sales rose 3.4%
Crude capacity utilization of NLMK in Russia increased 3% YoY to 98% in 2017, mainly due to the increased production efficiency of Lipetsk Steel Works and the demand for steel products in Russia's domestic and overseas markets Growth of production capacity utilization growth; crude steel production increased slightly by 2.6% to 17.08 million tons; commodity slab production slightly increased 2.6% year on year to 6.73 million tons; sheet production rose 5.3% to 8.51 million tons; longs production year on year slightly Output increased by 1.7% to 1.95 million tons.
From 2017 full year, Russia's new steel sales of 16.47 million tons, a slight increase of 3.4%. Among them, the sales of slab slumped 3.0% YoY to 4.6m tonnes, plate sales increased 5.9% YoY to 8.49m tonnes, while the sales of longs edged up 3.7% YoY to 2.28m tonnes, while the sales of finished steel decreased further to 65.5% , Semi-finished steel sales increased to 34.5%. At the same time, the sales volume of steel products produced by Russia's Xin Gang edged up by 2.8% YoY to 10.7m tonnes, accounting for 65.0% of the sales, maintaining a stable year-on-year rate; the volume sold to external markets edged up 1.8% YoY to 5.77m tonnes, Sales accounted for 35.0%, unchanged from the same period of last year.