Novolipetsk Steel traded at 69.10 this Friday August 14th, decreasing 1.84 or 2.59 percent since the previous trading session. Looking back, over the last four weeks, Novolipetsk Steel lost 20.93 percent. Over the last 12 months, its price fell by 47.70 percent. Looking ahead, we forecast Novolipetsk Steel to be priced at 66.74 by the end of this quarter and at 60.15 in one year, according to Trading Economics global macro models projections and analysts expectations.
Novolipetsk Steel PAO is a Russia-based vertically integrated steel company. Novolipetsk Steel PAO produces a wide range of flat and long steel products, including slabs, hot-rolled and cold-rolled sheet, galvanized, pre-painted and electrical steel, rebar and metal ware. The Company’s products are used in a variety of industries, from construction and machine-building to the manufacture of power generation equipment and offshore windmills. Its crude steel production capacity is over 17 million tons per year. All Company’s mining assets are located domestically, as well as 94% of its steelmaking capacities. In addition, Novolipetsk Steel PAO's rolling assets are located in the Russian Federation (56%), Europe (25%) and the United States (19%).