Russian steelmaker Novolipetsk Steel (NLMK) and Belgian fund Sogepa plan to invest 100 million euros each in the development of NLMK Belgium Holdings (NBH), in which they own a 49% stake each, between 2019 and 2021, NLMK said in a statement on October 10. “Funds allocated to NBH will go towards the execution of Strategy…
NLMK Lipetsk, NLMK Group’s flagship site, has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tons (+2%), reduce energy consumption by 50% and almost halve air emissions. The new walking beam reheat furnace has replaced…
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations. The power plant will have a capacity of 300 MW. NLMK Group plans to invest 35 million rubles into the project.…
At the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…
NLMK Group, a global steel company, with operations in Russia, the US and the EU, has shipped 5 million tons of slabs to Vyksa Iron and Steel Works (VSW, part of OMK Group). NLMK Group and OMK created a unique process chain in Russia in 2012. NLMK manufactures slabs at it Lipetsk site from captive…
Lipetskcement, a part of Eurocement Group, has started supplying CEM I 42.5 H cement to NLMK to make briquettes of the blast furnace manufacture waste. The technique allows receiving raw materials of secondary products resulting from the manufacture of pig iron and coke, by replacing iron ore and coal raw materials. Supply volumes are estimated…
NLMK Group announces that following the annual RobecoSam Corporate Sustainability Assessment, NLMK’s overall ESG score has improved from 22 to 33. As a result, NLMK’s individual scores of the economic and social dimensions exceeded the industry average. RobecoSam conducts annual Corporate Sustainability Assessment (the SAM CSA) the results of which serve as the basis for…
In January-June the capacity of the cold-rolled metal market in Russia totaled 1.8 million tons. Of them NLMK accounted for 0.55 million tons, or 30.3%. In 2019 the market is expected to reach 3.595 million tons. NLMK is developing its business in the segment. In particularly, it is mastering the manufacture of cold-rolled metal with…
