Russian steelmakers Severstal and Novolipetsk Steel (NLMK) have sent suits to the E.U.’s General Court challenging decision of the European Commission to introduce duties on imports of cold-rolled steel products from Russia, representatives of the companies reported. In August, the E.U. introduced an anti-dumping duty on cold-rolled steel from Russia and China for five years,…
The key investment project of NLMK Group’s Strategy 2017 – the construction of a pelletizing plant at Stoilensky, – has been recognized as the 2016 Event of the Year in the Russian steel industry. Experts announced their findings at the Metal-Expo’2016 international exhibition. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, received the winner’s diploma…
NLMK Group, an international steel making company with operations in Russia, the USA and EU member states, has delivered a trial batch of new high-strength hot-dip galvanized steel to the Hyundai Motor Manufacturing Rus automobile manufacturing plant in St. Petersburg. The new grade of rolled steel, designated SGRC440 and classified as high-tech steel, was previously…
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programs at the group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said: “The new project office will allow us to integrate our…
In Q3 NLMK revenue increased by 19% QoQ to $2.2 billion, driven by a 7% QoQ growth in sales to 4.2 million tons. EBITDA increased by 46% QoQ to $673 million; EBITDA margin reached 30% (+5% QoQ), including 18% for NLMK’s international companies. Net income doubled QoQ to $385 million. Net debt / EBITDA decreased…
NLMK Group, an international steelmaking company with operations in Russia, the USA and EU member states, informs that the management of the group is planning to recommend the third quarter dividends in the amount of $350 million equivalent of 75% of the reported free cash flow for the third quarter of 2016. On November 17,…
In Q3 NLMK received $385 million of net profits, down by 6% YoY. According to the company statement, its sales increased by 2%, to 4.2 million tons. Its revenues grew by 10%, to $2.25 billion. Investments fell by 29%, to $104 million, but the free cash flow increased by 28%, to $474 million. In January-September…
Novolipetsk Iron and Steel Works has successfully finished the project of replacing cold-rolled metal thermal treating equipment. 15 new stands of bell furnaces have been put into operation. The new equipment will increase cold-rolled metal with increased finishing quality output by 30%, and that with the highest quality – 4-fold. Fuel usage at the new…
