Russia: NLMK shareholders approve Q2 2019 dividends

At the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…

Russia: NLMK starts receiving Eurocement cement

Lipetskcement, a part of Eurocement Group, has started supplying CEM I 42.5 H cement to NLMK to make briquettes of the blast furnace manufacture waste. The technique allows receiving raw materials of secondary products resulting from the manufacture of pig iron and coke, by replacing iron ore and coal raw materials. Supply volumes are estimated…

Russia: RobecoSam upgrades NLMK Group’s ESG score

NLMK Group announces that following the annual RobecoSam Corporate Sustainability Assessment, NLMK’s overall ESG score has improved from 22 to 33. As a result, NLMK’s individual scores of the economic and social dimensions exceeded the industry average. RobecoSam conducts annual Corporate Sustainability Assessment (the SAM CSA) the results of which serve as the basis for…

Russia: NLMK joins UN Global Compact

NLMK Group has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take…

Russia: NLMK supplies NGO steel for Rostov region’s first-ever wind farm

NLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project. The 90 MW Azov…

Russia: NLMK Group migrates online marketplace and customer service to new platform

NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio, to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…

Russia: NLMK considers grain-oriented electrical steel plant in India

Russian steelmaker Novolipetsk Steel (NLMK) is considering launching a $100-150-million plant producing grain-oriented electrical steel in India, a company spokesperson said in a statement. “The project is in progress. We are considering locating a part of the grain-oriented electrical steel business. Investment can amount to $100-150 million. The decision has not been made yet,” the…

Russia: NLMK Group revenue down in Q2 2019

NLMK Group has published its Q2 financial results. Revenue decreased by 10% YoY, due to lower sales volumes (-3%) as a result of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations, and lower sales prices. Group revenue decreased by 3% QoQ, to $2.8 billion. The decrease in output was partially…

Russia: NLMK Group and LTC Group ink strategic partnership agreement

NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to…