NLMK Group, an international steel company, is pleased to announce the appointment of Peter Georg Selbach as CEO of NLMK Belgium Holdings plate business, which includes two companies in Europe: NLMK Clabecq (Belgium) and NLMK Verona (Italy). Peter Selbach will succeed Cornelius Louwrens, who will be leaving the company before the end of 2018. Peter…
NLMK Group, an international steel company, announces the appointment of Shamil Kurmashov as NLMK Group CFO, effective from November 15. Kurmashov will be in charge of coordinating the work of financial departments across all NLMK Group companies, supporting the execution of the new strategic cycle of the group leading up to 2022, and driving the…
NLMK Group, a global steel company with operations in Russia, the European Union, and the USA will take part in Metal-Expo’2018, the 24th International Industrial Exhibition that will be held on November 13-16 at Pavilion No. 75, VDNH (Moscow). This year, the company will present “NLMK Priority” stand. The concept of the stand embodies one…
NLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…
Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…
The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan. The first customers will be provided with a discount from each ton ordered. The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils. The minimum order is 4 tons. (Ukrainian metal)
At a meeting held on October 25 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q3 dividends of 6.04 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM), which would be held on December 21. The dividends are equivalent to 86% of the company’s free cash flow based on…
In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…