Novolipetsk Sees First-Quarter Crude Steel Output Advancing 15%

OAO Novolipetsk Steel, Russia’s largest steelmaker by market value, sees production rising 15 percent to 3.6 million metric tons this quarter after starting new facilities.

Crude steel production climbed 9.6 percent to 3.2 million tons in the fourth quarter from the previous three-month period, the Russian company, known as NLMK, said today in a statement. Full-year output rose 3.6 percent to 12 million tons.

Sales of finished products rose 7 percent in the fourth quarter to 3.6 million tons, while full-year sales advanced 9.6 percent to 12.9 million tons, the company said.

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