In 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY. Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total…
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…
NLMK-SAP Innovations Lab together with the National Center of Internet of Things (NCIT) have developed a pilot 3D positioning system for shop-floor employees of hot-dip galvanizing line No.1 at NLMK Group’s Lipetsk site. The system enables real-time tracking and analysis of equipment operating mode changes and employee positioning. The tracking information, amassed in a database,…
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies…
NLMK Group, an international steelmaking company, has appointed Mikhail Arkhipov Vice President for Human Resources and Management System effective as of January 10. Arkhipov will coordinate HR management practices across all production sites of NLMK Group; ensure service support to business and further development of human capital management systems. The new VP will also promote…
At the Extraordinary General Shareholder Meeting (EGM) held on December 22, NLMK shareholders approved payment of Q3 2017 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to dividends would be determined was set as January 9, 2018. January-September 2017 dividends will amount to RUB 10.68 per share. At the meeting,…
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, has commissioned four more high-pressure grinding roll (HPGR) units, boosting productivity of Stoilensky’s Beneficiation Plant by 0.8 million tons of iron ore concentrate, to 17.4 million tons per year. As a result, Stoilensky has now covered 100% of the…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has begun construction and assembly works at energy infrastructure and gas treatment units at steelmaking shop (BOF Shop) No. 2 (its current capacity is 8.5 million tons per year) as a part of a large-scale upgrade of blast furnace…