Dmitry Furmanov appointed General Director of NLMK Ural

NLMK Group, an international steel company, is pleased to announce the appointment of Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective September 1, 2018. In addition to managing the company’s operations, in his new capacity Dmitry will be responsible for the further improvement of operational efficiency and execution of the new cycle of NLMK Group’s strategy. In this role ...
09 July 2018., 16:31   comment

NLMK Board of Directors recommends dividends for Q2 2018

At a meeting held on 31 July 2018, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders approve payment of Q2’18 dividends of RUB 5.24 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 28 September 2018. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2’18 dividends of RUB 5.24 per share, which is equivalent to approximately 100% of the Company’s average free cash flow and net income based on its ...
28 August 2018., 10:43   comment

Stoilensky produces its 10-millionth tonne of pellets

Stoilensky, part of NLMK Group, an international steelmaking company, has produced its ten-millionth tonne of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was able to reach design capacity of 6 million tonnes of pellets per year in 6 months and continues to go from strength to strength. In 2018, the plant plans to produce 6.4 million tonnes of pellets for use in blast furnace operations at NLMK Lipetsk. Sergey Napolskikh, Stoilensky ...
08 January 2018., 14:47   comment

NLMK Group to employ new technology to boost quality and reduce cost of coke production

NLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at Coke Plant No. 5, which launched in 2006 with a design capacity of 1.1 mtpa, and covers 25% of all Altai-Koks production needs. The scope of the project includes an overhaul of the plant, construction of a storage ...
18 June 2018., 16:44   comment

NLMK shareholders approve FY2017 and Q1 2018 dividends

At the Annual General Shareholders’ Meeting (AGM) held on 8 June 2018 in Lipetsk, NLMK shareholders approved the payment of FY2017 dividends of 14.04 rubles per share (considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2017 is 3.36 rubles per share). Shareholders also approved the payment of dividends for Q1 2018 in the amount of 5.73 rubles per share. The date upon which the shareholders entitled to Q4 2017 and Q1 2018 dividends will be determined was ...
06 August 2018., 17:26   comment

NLMK Group launches online voting service for shareholders

NLMK Group, an international steel company, is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on 12 March 2018, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting their vote and will contribute to improving the quality of the company’s corporate governance. The ...
27 February 2018., 11:06   comment

NLMK shareholders approve 3Q 2017 dividends and adopt revised versions of statutory documents

At the Extraordinary General Shareholder Meeting (EGM) held on 22nd December, NLMK shareholders approved payment of 3Q’17 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to 3Q’17 dividends will be determined was set as 9th January 2018. 9M’17 dividends will amount to RUB 10.68 per share. At the meeting, the Group’s shareholders also adopted revised versions of the Company’s statutory documents, namely the NLMK Charter, Regulations on the General Shareholders’ Meeting ...
25 December 2017., 14:53   comment

NLMK ramps up PCI in BF Shop No.2

NLMK Group’s flagship production site, has completed guarantee testing of pulverized coal injection (PCI) technology at Blast Furnace No. 6 (with a capacity of 3.1 million tonnes per year), and at Blast Furnace No. 7 (with a capacity of 4.3 million tonnes per year). Tests confirmed that the equipment has reached design capacity. This technology involves co-injecting natural gas and fine coal particles into the blast furnace, resulting in reduced coke consumption. Replacing expensive raw materials ...
11 March 2017., 11:15   comment

Q3 and 9m 2017 NLMK Group consolidated financial results under IFRS

NLMK Group (MICEX and LSE: NLMK) is pleased to announce a 64% sequential growth in free cash flow in Q3 2017, to $533 m, and a 7% growth in EBITDA to $648 m. Group revenue in Q3 totalled $2.55 bn (flat qoq), driven by higher sales (+1% qoq) and 100% steelmaking capacity utilization rates (+2 p.p. qoq). Q3 EBITDA growth to $648 m (+7% qoq) was driven by the widening of spreads between steel product and raw material prices. 9M EBITDA increased by 31% yoy to $1,869 m, supported by Strategy 2017 ...
27 October 2017., 10:53   comment

NLMK VP Receives Adolf Martens Award for Ultrahigh-Strength Steel Research

Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on 10 October at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was established by the Association for Iron & Steel Technology (AIST) in 2010 to honor Adolf Martens, a pioneer in metallography, and ...
13 October 2017., 11:59   comment