At the Extraordinary General Shareholder Meeting (EGM) held on September 29, NLMK shareholders approved payment of Q2 dividends of RUB 3.20 per share. The date upon which the shareholders entitled to Q2 dividends will be determined was set as October 12. H1 dividends will amount to RUB 5.55 per share. (NLMK/Ukrainian metal)
Eurasian Economic Committee has fined two Russian companies for 217 million rubles. NLMK and VIZ-Stal LLC were found guilty of taking actions affecting the competition on the border markets of two or more EAEU countries. From January 1, 2005 till June 30, 2016 the companies, being a sole market participant in Belarus, Kazakhstan and Russia,…
NLMK, the largest steel producer in Russia and a leading international steel company, announces the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018…
The new-generation electrometallurgical plant NLMK-Kaluga has produced the 3-millionth ton of rolled metal. The company capacity is 1.5 million tons of steel and 0.9 million tons of rolled metal per year. In just half a year after being put into operation the plant reached its maximum capacity. (Ukrainian metal)
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has opened NLMK Turkey, its sales office in Turkey. As part of Strategy 2017, NLMK Group is focusing its sales on key markets, including Turkey, which accounts for up to 20% of the group’s export. The opening of NLMK Turkey will…
NLMK is planning to start a road show with dollar-nominated eurobonds in USA and Europe on September 6. Meetings with investors will be held in London, Zurich, New York and Boston. J.P. Morgan, SG CIB, ING and UniCredit will act as organizers. Depending on the market situation NLMK intends to offer mid-term bonds to investors.…
NLMK Group has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tons per year. The project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, cut…
Novolipetsk Iron and Steel Works has chosen the supplier of equipment for the scheduled repair of the converter No. 1 in the converter shop No. 2. The Boiler Equipment Works (the city of Beloretsk) will produce and supply the gas outlet equipment for the cooling boiler. The repairs will start in H2 2018 and will…
