NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA). The new furnace will replace 3 outdated pusher-type…
At the Extraordinary General Shareholder Meeting (EGM) held on December 23, NLMK shareholders approved of payment of Q3 dividends of RUB 3.63 per share, equivalent to 93% of NLMK Group’s net profit or 75% of the company’s free cash flow based on its Q3 IFRS consolidated results. The date upon which the shareholders entitled to…
At a meeting on December 23, members of the Board of Directors of NLMK Group approved of several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group’s Information Disclosure Policy. The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system, which…
NLMK Group, an international steelmaking company with operations in Russia, the USA and EU member states, announces the appointment of Renaud Moretti as CEO of NLMK Europe Strip, the division that includes NLMK La Louviere, NLMK Strasbourg and the service center NLMK Manage. The division was previously managed by Ben de Vos, who is now…
Novolipetsk Iron and Steel Works has completed the project on refractory shop 4 electric air filters reconstruction, started in 2015. Thanks to the project the pollution from shop decreased by 18%. “The massive reconstruction of the filters started in 2015. The investments totaled 480 million rubles. Taking the new machinery into account, we now have…
Novolipetsk Iron and Steel Works could increase its capacities by 1-2 million tons per year. At present the Lipetsk site is capable of producing 16 million tons of steel each year. The program will be carried out in 2-3 years. The basic development plan doesn’t presuppose large investments, according to the company. (Ukrainian metal)
NLMK Group, a vertically integrated international steel producer with operations in Russia, the EU and the USA, has successfully completed guarantee tests of the blast furnace No. 6 top pressure recovery turbine (TRT). The launch of the new unit brings the project for the introduction of green energy facilities at the Lipetsk site to a…
NLMK Group, an international steel producer with assets in Russia, Europe and the USA, has successfully launched pelletizing plant at Stoilensky, the key investment project of its ‘Strategy 2017’. The pelletizing plant opening ceremony was attended by the Russian Prime Minister Dmitry Medvedev, the governor of Belgorod region Evgeniy Savchenko, the governor of Lipetsk region…
