NLMK Group has started hot testing two high-pressure grinding rollers at section 4 of Stoilensky’s beneficiation plant. The new process will now cover 50% of Stoilensky’s grinding capacity. High pressure grinding roller (HPGR) technology is new to the Russian market. Stoilensky was the first to commission HPGR units. These will enable a 10% increase in…
NLMK Kaluga, a new generation EAF plant (part of NLMK Long Products) that manufactures a wide range of long products and sections used in construction, has produced its two millionth ton of finished steel. The mill produced its three millionth ton of crude steel in its EAF shop earlier in June. The plant uses its…
NLMK Group has extended the management board of NLMK International B.V., a holding company for NLMK’s international assets. The number of board members has been increased to five with the appointment of Mr. Cornelius Louwrens to the newly introduced position of director of operational efficiency. Mr. Louwrens has over 20 years’ experience in senior positions…
NLMK closed its $700 million 7-year Eurobond offering with an annual coupon rate of 4.5%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018 and 2019 in accordance with the terms and conditions of the tender offer announced May…