Ukraine: Russian NLMK under another UAV attack

Four Ukrainian UAVs have attacked the Novolipetsk Iron and Steel Works in Lipetsk region, Russia. According to the owners, the plant, that they claim makes only civil products, continues operating in normal mode. That was the fourth UAV attack on NLMK this year. In social networks locals reported several blasts, air defence operation and smoke…

Russia: NLMK Group opens R&D center for product innovation

NLMK Group, a global steel company, has opened a laboratory center in Lipetsk for microstructure analysis, which will analyze the properties of steel to develop new premium products and optimize metal processing techniques. The center is equipped with the latest high-precision measuring equipment. Several dozen unique devices enable more than a thousand types of microscopy…

Russia: NLMK to revise capital allocation in 2020

Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex program of $1.1-1.2 billion for a downward revision. Commencement of certain expansion projects could be postponed. At the same time, the company is proceeding with its major overhauls at NLMK Lipetsk primary…