NLMK might be forced to shut down its American business, if US does not exclude the slabs from the list of goods affected by the duties. In March NLMK USA submitted a claim to the Department of Trade to exclude the slabs from the list. It claims that it will have to import slabs in…
At a meeting on April 27 the Board of Directors of NLMK Group, an international steel company with operations in Russia, the US and the EU, approved the new composition of the Group’s Management Board as follows. The new Management Board is: Grigory Fedorishin – President (Chairman of the Management Board), Mikhail Arkhipov – Vice…
At a meeting held on April 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 2018 dividends of 5.73 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Group’s Board of Directors recommended NLMK shareholders approve dividends of 5.73…
The Board of Directors of NLMK Group held a meeting on April 27 during which the agenda for the Annual General Shareholders’ Meeting (AGM), to be held on June 8, was approved. The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of May 14. NLMK…
NLMK Group, a global steel company, took part in Wire 2018 International Trade Fair for the first time. Wire 2018 is Europe’s largest trade fair for metal wares, wire, machinery and technologies. The Wire Trade Fair is held biennially in Düsseldorf, Germany, attracting in excess of 1,300 participants, presenting their steel products and equipment, and…
NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…
The most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…
NLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…
