NLMK Group is embarking on the second stage of its project to implement High Pressure Grinding Rolls (HPGR) technology at the Stoilensky beneficiation plant, NLMK Mining Division core asset. Four HPGRs were installed in 2016 at two of the four sections of the beneficiation plant. The HPGR technology, unparalleled in Russia, has delivered a 12.5%…
NLMK Group has signed a two-year contract with the road building company Avtoban for the supply of by-products that will be used in the construction of a start-up facility No. 3 of the Central Ring Road in the Moscow Region (CRR-3). The CRR is set to be a key link in the transport network of…
NLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…
NLMK Group has participated in the 18th International Specialized Exhibition “Construction Machinery and Technologies/ STT 2017” in Moscow. There the group presented the premium wear-resistant steel of the Quard grade. KAMAZ presented dump trucks and truck bodies made of Quard450 steel. NLMK produces Quard steel at its NLMK Clabecq works in Belgium. The steel sheets…
At a meeting held on July 28, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q2 2017 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 29. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2 dividends of RUB 3.20 per share, equivalent to…
In Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, is upgrading hot-rolled steel production at the Lipetsk site: the plan is to install a new walking-beam reheating furnace to streamline the slab heating process. The new furnace will replace the outdated pusher-type furnaces currently operational at the facility.…
In Q2 2017, NLMK Group sales grew by 13% QoQ and by 5% YoY, to 4.2 million tons. Steel output totaled 4.1 million tons (-2% QoQ), with facilities running at 98% capacity. Group sales grew driven by the seasonal uptick in sales of finished products in the Russian market. Finished product sales increased by 19%,…
