Novolipetsk Iron and Steel Works plans to increase sales of rolled metal for construction in 2016 by 20% YoY. “The increase will be reached due to opening new markets”, finance vice-president and section director Grigory Fedorishin said. “In 2015 demand for rolled metal for construction dropped by 17%, and this year we have lost 10-15%…
In January-September NLMK produced 12.3 million tons of steel, up by 2% YoY. Capacity loading increased by 1%, to 95%. Sales totaled 12.29 million tons, up by 2% YoY, including 4.36 million tons of semi-finished products, up by 1%, and 7.92 million tons of finished products, up by 3%, in particular 6.26 million tons of…
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, and KAMAZ, Russia’s leading heavy-duty truck manufacturer, have held their first Coordinating Council. At a meeting held in Naberezhnye Chelny, the two companies discussed steel deliveries, as well as the possibility of manufacturing new machinery for NLMK, including with the use…
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has put blast furnace No. 6 (BF-6) back into operation after a scheduled overhaul at the group’s main production site in Lipetsk. The overhaul enables uninterrupted operation of the blast furnace and excellent product quality for the long term. It also…
NLMK Group, an international steel producer with operations in Russia, the EU and the USA, has opened a new sales office in Lima, Peru. The new sales office and warehouse will not only bolster NLMK Group’s position in the prospective Peruvian market but also provide convenient supply routes to the entire South American Pacific coast.…
The hot-rolled metal market is stable now after the local demand increase in spring. According to NLMK, a slight seasonal price decrease is expected at the end of the year. As to the cold-rolled metal, its consumption in January-July dropped by 2.5% YoY, though at present a seasonal increase in demand is observed. Demand for…
Shares of NLMK Group, an international steel company with operations in Russia, the United States, and Europe, were raised to the First Level quotation list, the premium-listing segment for securities admitted to trading on the Moscow Exchange. A First Level listing means that a company must meet the high standards of corporate governance, market capitalization…
NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, has signed an additional agreement to its contract with Novatek for the supply of natural gas to the Lipetsk site. Similar additional agreements to contracts for the supply of natural gas to NLMK Group’s other key Russian production…