July 31, 2018 / 2:51 PM / 4 months ago

Russian steelmaker NLMK says expects higher output next quarter

MOSCOW, July 31 (Reuters) - Russia’s largest steelmaker NLMK said on Tuesday it expected its output in the third quarter to be higher than the 4.38 million tonnes produced in the second quarter.

During a phone call with investors, the company also reduced its expected capital expenditure in 2018 to $700-750 million. (Reporting by Polina Ivanova; editing by Emelia Sithole-Matarise)

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