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

NLMK Group expands Stoilensky’s beneficiation capacities

NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is embarking on the second stage of its project to implement High Pressure Grinding Rolls (HPGR) technology at the Stoilensky beneficiation plant, NLMK Mining Division core asset. Four HPGRs were installed in 2016 at two of the four sections of the beneficiation plant. The HPGR technology, unparalleled in Russia, has delivered a 12.5% increase in the processing capacity of each upgraded ...
17 August 2017., 14:27   comment

NLMK mining company adopts predictive process management

Stoilensky (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tonnes of concentrate per year. Twenty units of the beneficiation plant operate to obtain iron ore concentrate from ore. An information management system, one of its kind in the Russian mining sector, gathers ...
08 July 2017., 15:48   comment

NLMK mining company adopts predictive process management

Stoilensky (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tonnes of concentrate per year. Twenty units of the beneficiation plant operate to obtain iron ore concentrate from ore. An information management system, one of its kind in the Russian mining sector, gathers ...
08 July 2017., 15:48   comment

NLMK Starts Manufacture of Polymer Coated Rolled Stock with Enhanced Decorative Properties

NLMK Group presented new type of product in the domestic market: multilayer polymer coated rolled stock. As compared to a normal coating, this type has an enhanced durability and an attractive habitus due to lacquer coating. The rolled products are to be used for facades, rooting and interior finishing. The production technology includes coating of the galvanized sheet with at least three layers. First the coil is pre-coated then coated with colored paint-and-lacquer coating followed by lacquer ...
05 May 2017., 12:50   comment