During 2017, Russian steelmaker NLMK increased steel output to 17.1Mt and improved sales by 3% year-on-year to 16.47Mt. The company recovered demand in its home markets of Russia, Europe and the US, and grew demand in external markets. Sales of finished steel increased by 5% to 10.8Mt and accounted for more than 65% of the Group’s total sales.

During Q4 2017 the company grew its crude steel output by 2% year-on-year to 4.32Mt. Sales were up 3% to 4.4Mt and when compared to the same period in 2016 sales were up 20% and driven by increased demand for flat steel in Russia and the USA. Group sales in home markets totalled 2.82Mt.