The management of the Russian steelmaker NLMK will recommend dividends for October-December 2017 higher than encompassed by the company’s dividend policy, CEO Oleg Bagrin declared on February 20. “Certainly, recommendations will be higher than encompassed by the dividend policy,” he said. Under the dividend policy updated in 2015, NLMK can pay from 50% of the…
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…
The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…
In 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…
In January the railroad deliveries from NLMK both to Russian customers and for exports totaled 1.13 million tons, up by 8.9% MoM and by 5% YoY. Moreover, this is the third highest result in 10 years (October 2017 – 1.16 million tons, March 2017 – 1.15 million tons). In January 409 thousand tons were supplied…
At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, has begun hot testing of its new turbine generator unit No. 5 at its Cogeneration Plant in Lipetsk. Once commissioned the new generator, which has a capacity of 60 MW, will improve the reliability of the energy supply, reduce…
NLMK has commissioned a new crusher to process 12 thousand tons of wooden packaging a year. Investments in the project totaled 46 million rubles. Now the company will be able to process all its wood waste, while previously it used to crush only 1%. After crushing the wood splints will be used as raw materials…
