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…
International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook. The decision follows a rating action to raise Russia’s sovereign ceiling, which took place on January 25.…
In 2017 Lipetsk region exports grew by 41.6% YoY, to $3977.6 million. The main partners of the region were Turkey, Mexico, Belgium and Denmark. At the same time Novolipetsk Iron and Steel Works provided the lion’s share of all exports – 95.5%. (Ukrainian metal)
NLMK-Kaluga has finished the lighting modernization project. The project improved labor conditions and decreased electricity consumption 3-fold. The project began in 2016. The assembly of the new equipment was carried out in H2 2017. Investments totaled 39 million rubles. Some 2117 lambs were replaced, decreasing electricity consumption from 9.9 million kW-h per year to 2.8…