NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…
NLMK Group, the Ministry of Natural Resources and the Environment of the Russian Federation, the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) and the Administration of the Lipetsk region have signed a four-way Cooperation Agreement in sustainable development. The Agreement, which forms part of the National Ecology Project, was signed by Grigory Fedorishin, NLMK Group…
NLMK Group has started hot testing at its briquetting plant, a facility to manufacture metallurgical briquettes for use in blast furnace operations. The project will enable the production of feedstock from blast furnace by-products, and the recycling of previously accumulated waste. The production technology is NLMK’s in-house development. It was conceptualized by Ivan Kurunov, an…
According to the NLMK chief specialist Vitaly Glazunov, the company has decided to shut down two of its welded pipe lines with the combined capacity of 50 thousand tons per year. In 2018 – April 2019 average price difference between cold-rolled metal and welded pipes in Russia was around 700 rubles per ton with VAT…
NLMK Group has delivered its first batch of high-strength Quend 1100 steel to Liebherr, one of the world’s largest manufacturers of construction machinery. NLMK Clabecq (NLMK Group’s Belgian company) will supply steel to produce telescopic booms for a new type of Liebherr mobile cranes with a load capacity of 230 t. The prototype has been…
After a scheduled 2-week repair NLMK has put its blast furnace No. 7 Rossiyanka into operation. The repair allowed the group to start reconstruction of the blast furnace No. 6. The reconstruction, to last for some 130 days, will start in late May. During this period, Rossiyanka will provide over a third of all pig…
NLMK has started the scheduled repairs of the blast furnace No. 7 “Rossiyanka”. The repair will last for 14 days. It will improve the blast furnace efficiency and let NLMK start another of the Strategy 2022 projects – the reconstruction of the blast furnace No. 6. The preparation for the repair lasted for 7 months.…
NLMK Group, a vertically integrated steelmaker, has published its Q1 2019 financial results. Group revenue decreased by 5% QoQ, to $2.87 billion, amid lower average sales prices. Year-on-year, the revenue increased by 3% thanks to a higher sales volume (+11%), which was offset by lower average sales prices. EBITDA totaled $695 million (-18% QoQ; -14%…
