NLMK Group has published its Q2 financial results. Revenue decreased by 10% YoY, due to lower sales volumes (-3%) as a result of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations, and lower sales prices. Group revenue decreased by 3% QoQ, to $2.8 billion. The decrease in output was partially…
At a meeting held on July 25 the Board of Directors of NLMK Group recommended the company’s shareholders approve Q2 dividend in the amount of 3.68 rubles per share at the upcoming Extraordinary General Shareholders Meeting (EGM) to take place on September 27. The list of persons eligible to participate in the EGM will be…
NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to…
NLMK Lipetsk, the group’s flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development program, aimed at boosting…
Russian steelmaker Novolipetsk Steel (NLMK) reduced its production of steel by 5% QoQ, to 3.992 million tons in April-June because of overhaul works at the blast furnace and basic oxygen furnace facilities, the company said in a statement on July 15. Loading fell to 96% from 98%, and consolidated sales shrank by 7%, to 5.268…
NLMK Lipetsk has launched a recovery complex to capture and process chemical by-products from coke and chemical operations. The project will enable an increase in the production of raw materials for the chemical industry and for agribusiness, and halve the shop’s air emissions. Denis Manturov, Minister of Industry and Trade of the Russian Federation, and…
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…
The Corporate University of NLMK Group, a global steel company, has become a member of the European Foundation for Management Development (EFMD), a leading international association. This not-for-profit membership organization brings together leading business schools and companies committed to developing management systems. EFMD offers accreditation services to business schools, corporate universities, and training programs, and…