In 2016 the prime cost of steel at NLMK decreased by 50% compared with 2013, to $194 per ton. According to the company statement, this is 44% below the average level in the industry. In 2016 energy consumption decreased by 1% as to 2013, metal containing raw materials – by 2%, coal – by 2%,…
By 2020 NLMK might increase steel smelting at its Lipetsk site by 2.2 million tons. The development strategy till 2022 presupposes the increase of steel smelting at the main site to over 15 million tons per year. By 2019 NLMK will produce 14 million tons of steel. The investments into the project are estimated at…
At a meeting held on March 3, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, approved of a new membership of the Management Board. The new Management Board now consists of: Oleg Bagrin, NLMK Group CEO, Chairman, Grigory Fedorishin, Senior Vice President, Deputy Chairman (a newly…
In 2016 NLMK Group increased its EBITDA profitability by 25% YoY and its free cash flow by 9%, to $1.1 billion. According to the company statement, its revenue reached $7.64 billion. EBITDA remained flat at $1.94 billion. Investments dropped by 6%, to $559 million. The net debt of the group decreased to $0.69 billion. (Ukrainian…
NLMK and SAP have signed a memorandum on strategic cooperation to create the first laboratory of innovations in Russian metal industry. Its goal will be to research and develop innovative solutions to be used in the mining and metallurgical sphere. The memorandum was signed by the NLMK Group president Oleg Bagrin and the member of…
In 2016 Russia consumed 8.15 million tons of hot-rolled sheet, with NLMK share at 1.32 million tons. In cold-rolled segment Russia’s consumption was 2.97 million tons, and NLMK supplied 0.81 million tons, in galvanized rolled metal – 2.9 million tons and 0.58 million tons respectively, in metal with polymeric coating – 1.91 million and 0.45…
NLMK USA, NLMK Group’s American Division, has refinanced a $250 million credit line acquired in 2011. The new revolving credit line has a maturity of 4 years and will be used to finance working capital and general corporate activities. The borrowers are NLMK Indiana, NLMK Pennsylvania, Sharon Coating, and NLMK North America Plate trading companies.…
The rolling shop of NLMK-Ural has replaced its gas flowmeter. The project will help decrease gas consumption by 213 thousand cubic meters per year, allowing the company to save some 0.87 million rubles. NLMK-Ural spent 0.6 million rubles on the project. (Ukrainian metal)
