Russia: NLMK to build another CCM

NLMK will construct another continuous-casting machine to replace the one, operating since 1976. SMS group will supply all the necessary machinery. The capacity of the new CCM will be 2 million tons per year. The new machine will allow NLMK producing billets with the thickness of 400 mm and width of 2800 mm. The CCM…

Russia: Dmitriy Kolomytsyn appointed NLMK Group Director, IR & Capital Markets

NLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…

Russia: NLMK replacing locomotives

Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…

Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group held a meeting on April 27 during which the agenda for the Annual General Shareholders’ Meeting (AGM), to be held on June 8, was approved. The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of May 14. NLMK…

Russia: NLMK revenue down in Q1 2018

NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…

Russia: Q1 2018 NLMK group results

In Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY.

Capacity utilization rate grew by 3%, to 99%.

Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)

Russia: NLMK – monoexporter in Lipetsk region

According to the Lipetsk region customs office, in January-February exports increased by 19.5% YoY, to $781.3 million. Foreign trade turnover exceeded $893 million. In the export structure NLMK ferrous metals account for 94.9%. Far foreign countries account for 94.1% of the total foreign trade turnover ($840.7 million). The main trade partners of the Lipetsk region…

Russia: NLMK to increase Lipetsk site capacities

NLMK intends to increase its galvanized and polymer-coated rolled metal capacities at the Lipetsk site by constructing the continuous hot dip galvanizing line No. 5 and polymer-coating machine No. 4. The former will produce 450 thousand tons of rolled metal with the thickness of 0.3-2.5 mm and the width of 700-1550 mm per year, while…

Russia: Grigory Fedorishin elected President of NLMK

Shareholders of NLMK Group at its Extraordinary General Meeting held on March 12 voted to elect Grigory Fedorishin as the Group’s President and Chief Executive Officer (Chairman of the Management Board) for the period until June 8. Previously, NLMK Board of Directors resolved to convene the Annual General Shareholders’ Meeting on June 8, and also…

Russia: results of NLMK Strategy 2017

Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…