NLMK Group, a global steel company, has launched a “virtual assistant” pilot: a digital service for real-time interaction with suppliers and optimization of standard supply chain operations. The virtual assistant, powered by QUBO dialogue system, is a chat-bot integrated in the corporate website. The assistant replies to questions received from suppliers about participation in procurement…
NLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group’s production sites around the world. NLMK offers its…
NLMK Group, a global steel company, announces the approval of its Integrated Quality Management System Policy. A single corporate document now encompasses the company’s quality, environmental protection, production safety and energy efficiency goals and commitments. The policy has been approved as part of the development of the company’s Integrated Management System and meets the requirements…
At a meeting held on March 5, the Board of Directors of NLMK Group, a global steel company, resolved to convene its Annual General Shareholders Meeting on April 24. The Board suggested the shareholders re-elect Grigory Fedorishin as NLMK President (CEO, Chairman of the Management Board). The following BoD candidates were put forward to be…
NLMK DanSteel, NLMK Group’s Denmark-based production site, has delivered its first thousand tons of S500MC high-strength steel plate (500 MPa yield strength) to German machine-building companies. The hot-rolled steel plates will be used to manufacture heavy vehicle components, including wheel axles parts. The use of high-strength steel ensures strong performance under high static and dynamic…
Russian steelmaker Novolipetsk Steel (NLMK) caught fire on March 2, an official of the emergency services of the region reported. “A reversing mill was burning on the territory of the metallurgical plant,” the official said, adding that the fire was of the third type of difficulty. As of now, the fire has been extinguished. There…
NLMK Indiana and NLMK Pennsylvania, subsidiaries of the Russian steelmaker Novolipetsk Steel (NLMK), have filed a suit to the U.S. court of International Trade asking it to consider a denial of the U.S. Treasury Department to exclude Russian steel slabs from import duties under section 232 of the U.S. Trade expansion Act, NLMK said. Operations…
The situation on steel product markets in 2019 was rather challenging. H2 2019 saw prices fall below the cycle average. “The dive was so deep, we estimate that 80% of global HRC production was loss-making. The margins in the sector were further pressured by increasing prices for raw materials”, NLMK Group CFO Shamil Kurmashov commented.…
