Novolipetsk Metallurgical Combine (NLMK) reported a net loss of 5.9 billion rubles for the first quarter of 2026. A year earlier, the company recorded a profit of 1.23 billion rubles, according to RAS statements.
Thus, the financial result deteriorated almost fivefold and moved into negative territory.
The combine's revenue for January–March decreased by 10% to 145.6 billion rubles. At the same time, the loss from sales amounted to 6.1 billion rubles, indicating pressure on operational activities.
The Novolipetsk Combine is the largest steel producer in Russia and one of the leading in the world. The enterprise is capable of producing up to 17 million tons of liquid steel per year.
At the end of 2025, NLMK maintained profitability: the RAS indicator was 86.7 billion rubles. The current dynamics indicate a sharp deterioration in market conditions at the beginning of 2026.
For metallurgists in Russia, the industry situation continues to worsen, analysts at Alfa-Bank noted. Against this background, Magnitogorsk Iron and Steel Works reduced its capacity utilization to 60%, almost completely stopping investments and equipment repairs.
"Pervyy Tekhnicheskiy" in a large overview material told which industries in Russia are not in the best condition. A wave of bankruptcies has swept over factories in key areas – from aviation to heavy engineering.