NLMK, NLMK Group’s Lipetsk site, has started installation of the reheating furnace equipment in its hot-rolling shop. A new walking-beam furnace will replace a previous-generation pusher-type furnace. The new furnace will add 110 thousand tons per year (+2%) to the hot-rolling mill’s output, improve product quality thanks to a more sophisticated technology for charging slabs…
NLMK Group announces the start of the third stage of its annual Steel Tree grant programme, which offers funding for environmental projects, landscaping and welfare improvement initiatives. In 2019, company employees in all major home regions in Russia will have an opportunity to compete for grants. The programme was launched in early 2017 and enabled…
Stoilensky, the second largest producer of iron ore concentrate in Russia, has signed a development contract with the Finnish company Outotec to increase the pelletizing plant’s installed capacity by a third – from 6 million tons to 8 million tons of pellets per year. Under the contract, Outotec experts will design, supply main equipment and…
NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…
The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…
Novolipetsk Iron and Steel Works is suspending sending steel slabs to its rolling works in Pennsylvania. According to the group president Oleg Bagrin, this has to do with the company failing to get its semi-finished products out of American steel import duties of 25%. More over, NLMK USA is suspending its investment program of $300-400,…
Russian steelmaker Novolipetsk Steel (NLMK) plans to invest around $2.1 billion in production development until 2023, the company said in a presentation on March 4. The company plans to allot $510 million to increase steel production at its Lipetsk facility by 1 million tons a year and $420 million to build a power plant. Average…
At a meeting held on March 1, the Board of Directors of NLMK Group resolved to convene NLMK’s Annual General Shareholders’ Meeting (AGM) on April 19. The Board of Directors recommended shareholders re-elect Grigory Fedorishin as NLMK Group President (Chairman of the Management Board) and CEO. The following nine members were put forward for election…