NLMK not to plan to decrease loading of its facilities, but it also not to launch new ones

The NLMK Group doesn’t plan to decrease loading of facilities at its enterprises against the background of weak market conditions, the NLMK’s Vice President for Finance Grygory Fedorishin stated to the agency Prime.

“Our loading of facilities was at the level of 95% in 2009 already, even in the most difficult months, because we are at the foot of the cost curve, we have a strong competitive advantage in prime cost. Yes, the market is oversupplied, but we are not the company that can leave it. So we don’t plan to decrease the loading and we sooner hope that weak rivals will leave the market and we will replace them,” – he said.