Russia: NLMK raises sustainability-linked loan

NLMK Group has amended the terms for its EUR 250-million revolving credit facility. The financing costs of the facility will now be linked to the company’s sustainability performance that will be assessed by Sustainalytics, a provider of environmental, social and corporate governance research and ratings. The ESG rating change will result in the adjustment of…

Russia: NLMK Group trading update for 2019

NLMK Group has published its Q4 2019 and 2019 operating results. In 2019, steel output decreased by 10% YoY, to 15.7 million tons, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tons, or by 3%, following the decrease in output. Sales to “home” markets grew…

Russia: NLMK Group recognized as an energy efficiency leader

NLMK Group, an international steelmaker, was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading Russian companies. Sergey Chebotarev, NLMK Group Vice President for Energy, said: “Steelmaking is an energy-intensive industry, where expenditure on energy in integrated companies reaches 10-12% of production…