International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable. In its official statement, Fitch positively assessed the company’s financial stability, ensured by a high level of operating efficiency and a low debt. Shamil Kurmashov, NLMK Group CFO, said: “We welcome the…
NLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…
NLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…
NLMK, NLMK Group’s Lipetsk site, has started installation of the reheating furnace equipment in its hot-rolling shop. A new walking-beam furnace will replace a previous-generation pusher-type furnace. The new furnace will add 110 thousand tons per year (+2%) to the hot-rolling mill’s output, improve product quality thanks to a more sophisticated technology for charging slabs…
NLMK Group announces the start of the third stage of its annual Steel Tree grant programme, which offers funding for environmental projects, landscaping and welfare improvement initiatives. In 2019, company employees in all major home regions in Russia will have an opportunity to compete for grants. The programme was launched in early 2017 and enabled…
Stoilensky, the second largest producer of iron ore concentrate in Russia, has signed a development contract with the Finnish company Outotec to increase the pelletizing plant’s installed capacity by a third – from 6 million tons to 8 million tons of pellets per year. Under the contract, Outotec experts will design, supply main equipment and…
NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…
The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…
