At the Extraordinary General Shareholders’ Meeting (EGM) held on December 20 NLMK shareholders approved the payment of Q3 dividends of 3.22 rubles per share. The total amount of Q3 dividends payable to shareholders is equivalent to 124% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date…
In January-November the foreign trade turnover of Lipetsk region totaled $3.451 billion. Exports accounted for $2.986 billion, and imports – for $464.9 million. The share of NLMK in exports was 81.6%. At the same time, ferrous metals imports accounted for 5%. (Ukrainian metal)
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…
International rating agency S&P has improved the outlook for the ratings of Russian steelmaker Novolipetsk Steel (NLMK) and Magnitogorsk Iron and Steel Works (MMK) to Positive from Stable, the agency said in a statement. The ratings were affirmed at BBB-. (Prime/Ukrainian metal)
NLMK and Zagorsky Pipe Works decided to take part in the Black Friday. They offered buying their rebars with a discount of some 1 thousand rubles per ton and 530-1420 mm diameter pipes with a discount of 10-15%. The cost of rebars is 32-35 thousand rubles per ton, and of pipes – over 70 thousand…
NLMK Lipetsk, the flagship site of NLMK Group, has relaunched its basic oxygen furnace No. 2, a steelmaking facility with a capacity of over 3 million tons per year, following an overhaul. The launch of a new dust and gas collection system in line with Best Available Techniques (BATs) was tied in with the relaunch…
According to NLMK, in 2019 domestic demand for steel will grow by 3-5% YoY, with the construction sector being the main driver. In January-September steel demand increased by 8.5%. Next year, NLMK believes, steel consumption will grow by 2-3% and then will have an increase of 2% each year in mid-term. (Ukrainian metal)
NLMK has celebrated 85 years of obtaining its first pig iron. The celebration was marked by manufacture at the Rossiyanka blast furnace. “On November 7, 1934 the first blast furnace of the future Russian metallurgy giant produced its first 64 tons of pig iron”, NLMK managing director Vyacheslav Vorotnikov declared. (Ukrainian metal)
