Russia: Novex Trading renamed NLMK Trading

NLMK Group announces that Novex Trading S.A. has been renamed NLMK Trading.

The name and corporate identity of the trading company that supplies NLMK products to the global market were aligned with NLMK Group’s brand.

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. (NLMK/Ukrainian metal)

Russia: RAEХ assigns ruАAA rating to NLMK Group

NLMK Group, an international steel company, is pleased to announce that RAEX (Expert RA) has assigned it the highest credit rating of ruAAA with a stable outlook, making NLMK Group the first metals and mining company to be awarded the highest rating by the agency. The rating acknowledges the company’s high creditworthiness and financial reliability,…

Russia: NLMK railroad exports down in August 2018

In August NLMK shipped 986.6 thousand tons of metal via railroad, down by 9.4% YoY.

In January-August sales increased by 1.1% YoY, to 8.5 million tons.

Russian customers received 2.6 million tons, up by 6.3% YoY, while exports totaled 5.57 million tons, down by 1.4%. (Ukrainian metal)

Russia: NLMK VP dies in Moscow

NLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…

Russia: NLMK to improve sales flexibility

NLMK has finished assembling new machinery under the project to expand the shipping sites in the hot-rolling shop. The increase of the area to process rolled metal and the development of the infrastructure will create a reserve of hot-rolled coils for the periods of seasonal fluctuations of demand. NLMK supplies hot-rolled metal in coils and…

Russia: NLMK buys construction institute

NLMK has purchased 100% shares of Ural Research-Scientific Institute of Architecture and Construction (UralNIIAS).

In 2016 the institute revenue grew 2.4-fold, to 162.9 million rubles, with net profit at 10.25 million rubles, up from 28.8 million rubles of losses in 2015.

In H1 NLMK increased net profit by 63.1% YoY, to $1.083 billion. (Ukrainian metal)

Russia: NLMK to raise steel production in Q3 2018

Russian steelmaker Novolipetsk Steel (NLMK) plans to raise production in July-September as compared with April-June, the company said in a presentation. Operating results of Russian facilities of NLMK are traditionally strong in July-September, which should improve financial results of the company, NLMK said. The company’s steel production rose by 1% QoQ, to 4.381 million tons…

Russia: NLMK output up in H1 2018

In January-June NLMK produced 6.49 million tons of steel, up by 3% YoY. Pig iron output totaled 6.15 million tons, up by 7%. Galvanized rolled metal manufacture grew by 19%, to 424 thousand tons. Transformer steel output reached 54 thousand tons, up by 28%. In June the 2000-mill set a daily output record of 20.78…

Russia: NLMK to upgrade hot-rolling mill

NLMK has selected the supplier of machinery and started design work to replace the transfer table of the hot-rolling mill-2000. The project will increase the reliability of the machine and the quality of the products. The mill has been operating since 1977. The new machinery will be supplied by Novokramatorsk Machine-Building Works (Ukraine). Commissioning is…

Russia: NLMK Group takes part in CWIEME Berlin

NLMK Group, a global steelmaker, participated in CWIEME Berlin 2018, the leading event for electric motor and transformer manufacturing technologies, which took place in Berlin on June 19-21. Every year CWIEME Berlin brings together over 750 exhibitors from more than 80 countries around the world, including the largest manufacturers of electric motors, transformers, generators, as…

Russia: NLMK “Steel Tree” environmental volunteer program wins international competition

NLMK Group, a global steel company, has won the “Ecological culture. Peace and Harmony” international competition, held by the Vernadsky Non-governmental Ecological Foundation. NLMK Group’s “Steel Tree” volunteer program came first in the “Social initiatives aimed at promoting an ecological culture” category. The competition was established in 2012. It promotes successful corporate and private initiatives…

Russia: NLMK develops e-commerce

NLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…

Russia: NLMK modernizing heavy dump trucks fleet

NLMK has started modernizing its heavy quarry machinery park, having received 4 BelAZ-75453 trucks. The new model replaces the outdated BelAZ-7547. It features lower operational expenses and improved technical characteristics. The main novelty is a powerful engine. In June the new machines will start operating. At present the company uses 31 BelAZ quarry dump trucks.…