Nlmk

Novolipetsk Steel (LSE: NLMK) Board of Directors took a decision to launch the ruble corporate bond program series 01-06 with a maturity of 10 years. The total value of the program is RUB 50 bn. The Board also approved the decision to issue the bonds and the Prospectus of 01-06 series bond emission, reported the press-service. This new instrument will help NLMK to attract long-term capital to finance its Technical Upgrade Program, as well as other corporate purposes. In late 2009 ...

Standard & Poor’s, the international rating agency, has raised its outlook for NLMK's BBB- corporate rating from “negative” to “stable” and revised its national scale rating from ruAA+ to ruAAA, reported press-service of NLMK. Standard & Poor's also assigned a BBB- priority unsecured debt rating to NLMK’s BO-06 ruble bonds. The bonds issue volume is RUR 10 billion.

Standard & Poor’s, the international rating agency, has raised its outlook for NLMK's BBB- corporate rating from “negative” to “stable” and revised its national scale rating from ruAA+ to ruAAA, reports the press-service of NLMK. Standard & Poor's also assigned a BBB- priority unsecured debt rating to NLMK’s BO-06 ruble bonds. The bonds issue volume is RUR 10 billion.

Installation of the basic structures at Novolipetsk Steel’s new blast furnace #7 of a 3.4 million tonnes annual capacity has been completed. As of today more than 30% of the work has been completed. The furnace’s shell, including its support system, off-gas system, charging device and stove housing, has been installed. In accordance with the construction schedule, installation of bin trestle for ore and coke material intake and feeding, and installation of the refractory ...

Novolipetsk Steel (NLMK), a leading Russian steel producer, has successfully closed a credit agreement to finance the purchase of imported equipment guaranteed by leading export credit agencies. The EUR524million facility will be used to finance the purchase of equipment upon 19 commercial agreements from 7 leading European engineering companies. The facility, which bears a weighted average interest rate of EURIBOR + 1.53, has a maturity of 7 – 10 years. The funds raised by the ...

Novolipetsk Steel has resumed production at its converter #2 after the upgrade of an emission system in the BOF shop #1. The project was completed in 107 days during which 1,500 tonnes of steel structures were installed. Prior to this project, NLMK upgraded its converter #1 and it is planned that in March 2010 the upgrade of converter #3 will begin. Total investments in the BOF shop #1 revamp amounted to RUB6.7 billion. This steelmaking operational upgrade forms part of the ...

Novolipetsk Steel has begun a new environmental protection project at its sinter plant, aiming to reduce the environmental impact of the main production facility in Lipetsk. Environmental pollution will be reduced as a result of the advanced sintering process and the extra equipment implemented for sintered layer treatment. The equipment for all four machines will reduce the sinter plant’s carbon monoxide emissions by 10%. In accordance with NLMK’s policy to control ...

NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business. The newly established company will function as the managing company for NLMK’s steel companies which specialize in the production of long products and metal-ware, including: OJSC Nizhne-Serginsky Metallurgical and Metalware Plant, CJSC Uralsky Plant of Precision Alloys, CJSC Berezovsky Electrometallurgical Plant, CJSC Kaluzhsky Electrometallurgical Plant, and ...

Novolipetsk Steel (LSE: NLMK), a leading Russian steel company, is pleased to announced that it has closed the order book on the installment of the company’s bond issuance program (series ÁÎ-01). The issue has a total value of RUR5 billion with a nominal value of RUR1,000 per bond and a maturity period of 1092 days (three years). The bond’s annual coupon rate is set at 9.75%. This issue is lead-managed by Gazprombank and Troika Dialog. Settlement and delivery of the ...

Novolipetsk Steel, a leading Russian steel company, is pleased to announced that the company has closed the order book for its first installment of the bond issue (series ÁÎ-05).  The issue has a total value of RUR10 billion with a nominal value of RUR1,000 per one bond and a maturity period of 1092 days. The total value of demand from investors was RUR16.211 billion. The bond’s annual coupon rate is set at 10.75%.  This is the lowest rate for a corporate bond issue ...

Moody’s investor service, the International rating agency, has raised its outlook for Novolipetsk Steel’s Ba1 corporate family rating and the outlook on NLMK’s Aa1.ru national scale rating from “negative” to “stable”. The change of the outlook to “stable” reflects the company’s ability to show resilient financial and operating performance through 2008 and 1H 2009.  Moody’s decision has confirmed the ...

Novolipetsk Steel will lower specific steel production energy intensity by 9% to 5.75 Gcal/t within three years to reach the best performance of similar EU steel companies. The decrease in specific energy intensity between 2010 and 2012 will be accomplished by increasing in-house energy generation with the full use of secondary fuel gases, the introduction of advanced equipment with low specific energy consumption in BOF and rolling operations, the use of secondary heat from sinter ...

NLMK has commissioned the fourth Hot-Dip Galvanizing Line (HDGL-4) with an annual capacity of 300,000 tonnes at the main production site in Lipetsk.  The thinner galvanized steel (up to 0.22mm) will allow the Company to expand its product mix. The new process line is designed for the production of wide hot-dip galvanized flats with a thickness ranging from 0.22mm to 0.8mm and width ranging from 900mm to 1270mm on the basis of low carbon steel grades.  This product is ...

The physical-chemical laboratory at NLMK's Industrial Ecology Department has begun using a new ultraviolet gas analyzer for continuous air contamination level measurement. By using the new equipment, the plant’s environmental specialists are able to control air quality dynamics at the production site, promptly reveal the sources of pollution and take measures to improve the condition of the air. This gas analyzer operation is based on the absorption of hazardous substances through ...

Novolipetsk Steel, a leading Russian steel company, is pleased to announce that its Board of Directors approved a decision to launch its bond program. The total value of the bond program that will be traded on the Russian debt market is RUR50 billion. More detailed information regarding loan structure and the financial position of NLMK can be found in the admission documents and information materials relating to the bond loan, which will be uploaded onto the website www.nlmk.com before ...

NLMK is pleased to announce that it has restarted its transformer steel production shop in Lipetsk, which was stopped last April due to a slow-down in electrical steel sales on the international markets. The decision to resume transformer steel production in Lipetsk was taken due to improvement in the transformer steel market after an unprecedented slump in demand in November 2008. Since April 2009, transformer steel has only been produced at the company’s VIZ-Stal facilities located ...

Novolipetsk Steel has discontinued the discharge of industrial effluents into the Voronezh river, whilst decreasing consumption of river water by 3 times. This was achieved through the completion of a large-scale refurbishment of the process water supply system and the introduction of a new circuit. NLMK constructed a network of new pipelines, commissioned new pump stations and reconstructed existing ones. As a result of these measures water can be re-used in the production process, ...

Novolipetsk Steel has begun work on the next stage of the reconstruction of the gas exhaust ducts of its BOFs system, which is aimed at enhancing the reliability of the lines and reducing their environmental impact.   The implementation of this project at the main Lipetsk site will allow the company to reduce emissions generated in the steelmaking process by 59%.   In June 2009, NLMK upgraded the equipment of BOF-1. In order to upgrade the equipment of BOF-2, under existing ...

Novolipetsk Steel announces that on 15 July 2009 it acquired a 25% stake in NSMMZ, a Maxi-Group production facility, from Metallurgical Holding. NLMK’s ownership has increased to 57% including the shares that NLMK acquired in the loans-for-shares auction conducted on 25 June 2009. Before this acquisition, a 25% stake in NSMMZ was pledged by one of NSMMZ’s creditors and was redeemed by NLMK by direct guarantee. The transaction was closed at a market price based on the results of ...

Novolipetsk Steel has successfully passed the second audit of its Quality Management System for compliance with the requirements of the international standard ISO/TU 16949:2002 “Quality Management Systems: special requirements for the application of ISO 9001:2002 in the automotive industry and enterprises producing relevant spare parts”. Over the course of the audit, effective processes and working documentation confirming quality control at all production stages were checked. ...