NLMK Group reduced steel output by 2.1% in 2024
Steel production of NLMK Group in 2024 decreased by 2.1% to 14.3 million tons (dynamics is given without taking into account the long products division).
NLMK said in its annual report that sales of the Group's steel products amounted to 15 million tons, which is 1.6% lower than in 2023.
“In 2024, the Issuer's operating indicators demonstrated downward dynamics against the backdrop of reduced demand from end consumers in the steel products market, in particular from the construction and energy industries. The drop in indicators reflects the general trends in the development of the steel sector and related industries,” the report says.
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