Russia: NLMK Group opens R&D center for product innovation

NLMK Group, a global steel company, has opened a laboratory center in Lipetsk for microstructure analysis, which will analyze the properties of steel to develop new premium products and optimize metal processing techniques. The center is equipped with the latest high-precision measuring equipment. Several dozen unique devices enable more than a thousand types of microscopy…

Russia: NLMK to revise capital allocation in 2020

Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex program of $1.1-1.2 billion for a downward revision. Commencement of certain expansion projects could be postponed. At the same time, the company is proceeding with its major overhauls at NLMK Lipetsk primary…

Russia: NLMK introduces digital assistant for suppliers

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…

Russia: NLMK Group launches new startup portal

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…

Russia: NLMK Group approves Integrated Quality Management System Policy

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…

Russia: NLMK board sets date for AGM

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…

Russia: NLMK Group expands premium product offering in European market

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…

Russia: NLMK in Novolipetsk catches fire

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…

Russia: NLMK steel sales down in 2019

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.…