NLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…
In October NLMK rolled metal deliveries to Russian customers and abroad via railroad totaled 956.4 thousand tons. According to the railroad statistics, this is down by 17.4% YoY. In January-October NLMK shipped via railroad 10.55 million tons of metal, up by 0.3% YoY, with 3.54 million tons delivered to local customers, down by 4.2%, and…
NLMK Group, an international steel company, is pleased to announce the appointment of Peter Georg Selbach as CEO of NLMK Belgium Holdings plate business, which includes two companies in Europe: NLMK Clabecq (Belgium) and NLMK Verona (Italy). Peter Selbach will succeed Cornelius Louwrens, who will be leaving the company before the end of 2018. Peter…
NLMK Group, an international steel company, announces the appointment of Shamil Kurmashov as NLMK Group CFO, effective from November 15. Kurmashov will be in charge of coordinating the work of financial departments across all NLMK Group companies, supporting the execution of the new strategic cycle of the group leading up to 2022, and driving the…
NLMK Group, a global steel company with operations in Russia, the European Union, and the USA will take part in Metal-Expo’2018, the 24th International Industrial Exhibition that will be held on November 13-16 at Pavilion No. 75, VDNH (Moscow). This year, the company will present “NLMK Priority” stand. The concept of the stand embodies one…
NLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…
Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…
The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan. The first customers will be provided with a discount from each ton ordered. The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils. The minimum order is 4 tons. (Ukrainian metal)
