NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and increase the number of on-the-job trainees from the University at its sites. NLMK and MISIS have signed a framework cooperation agreement, which will facilitate the training of qualified steelmaking professionals and contribute…
At a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…
At the Extraordinary General Shareholders’ Meeting (EGM) held on December 21, NLMK shareholders approved the payment of Q3 dividends of 6.04 rubles per share. The date upon which the shareholders entitled to Q3 dividends would be determined was set as January 9, 2019. January-September dividends will amount to 17.01 rubles per share. The Shareholders’ Meeting…
NLMK Group has embarked on a large-scale reconstruction of blast furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tons of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50%, to 25 years. Investment in the…
NLMK Group, a global steel company, announces the appointment of Elena Lobodina as General Director (CEO) of NLMK Trading. Her key challenges will include the development of NLMK Group’s customer service across global markets and the introduction of best practices in sales business processes. NLMK Trading manages NLMK Group’s export deliveries. The company’s sales policy…
NLMK Group, an international steel company, has signed a memorandum on industrial cooperation with electrical equipment manufacturers from the Eurasian Economic Union. NLMK plans to promote the development of the technology to manufacture next generation energy efficient transformers from high-permeability electrical steel (HGO). The memorandum has already been signed by transformer manufacturers from Russia, Belarus,…
NLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…
In October NLMK rolled metal deliveries to Russian customers and abroad via railroad totaled 956.4 thousand tons. According to the railroad statistics, this is down by 17.4% YoY. In January-October NLMK shipped via railroad 10.55 million tons of metal, up by 0.3% YoY, with 3.54 million tons delivered to local customers, down by 4.2%, and…