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Sales of NLMK Group decreases by 12% in Q2

Sales of NLMK Group products in Q2 declined as slab deliveries increased and lower demand in key markets.

Sales of NLMK Group decreases by 12% in Q2

Sales of NLMK Group products in Q2 declined by 12% qoq to 4.0 mt (-7% yoy) as slab deliveries increased and lower demand in key markets. Finished product sales decreased by 13% compared to the previous quarter and by 19% year-on-year to 2.2 mt.

Sales in the home markets amounted to 2.6 mt (qoq -3%) due to the slower demand in the Russian market.

Sales on export markets decreased by 33% compared to the previous quarter and by 17% year-on-year to 1.2 mt.

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