Nlmk

The Constitutional Court and the Supreme Commercial Court of the Russian Federation have supported NLMK’s position regarding the unlawfulness of the award issued by the International Commercial Arbitration Court (ICAC) at the Chamber of Commerce & Industry (CCI) of the Russian Federation that was challenged by Nikolay Maximov. The first decision relates to the Constitutional Court’s examination of Maximov’s claim questioning the constitutionality of the law that ...

In 2011 the main production site in Lipetsk of NLMK allocated approximately RUR 4 billion on environmental protection projects. To date, around 100 environmental projects aimed at revamping and upgrading process equipment and operations have been completed. Despite reporting a 5% increase in steel output due to the commissioning of new facilities ( including the blast furnace #7 named "Rossiyanka" and a new BOF), Lipetsk main site’s atmospheric emissions were reduced ...

NLMK Group’s steel production in Q4 2011 amounted to 3.2 million tonnes (+9.6% quarter-on-quarter). The Group’s steelmaking facilities were running at about 91% (97% at the Lipetsk production site; 56% at the Long Products Division; and 74% at NLMK’s international divisions, including 71% at NLMK Indiana and 79% at NLMK Verona). Blast Furnace #7 (BF-7) utilization rates at Novolipetsk (NLMK’s main production site in Lipetsk) continued to increase as planned. As ...

NLMK reports that NSMMZ, its Urals based Long Steel Division steelmaking facility has successfully re-launched the second 1.1 mtpy Electric Arc Furnace (EAF) at its Revda steelmaking facility, following repairs to a transformer at the plant since mid 2011. The equipment has passed all required high voltage tests. Repairs, worth a total of RUR22 million, were undertaken by a local engineering company. Currently both NSMMZ’s EAFs are running as planned under the Company’s ...

The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 1 mtpy vertical continuous casting machine (CCM-3). Following the revamp, CCM-3 capacity increased by 300 ktpy due to higher casting rates and shorter periods between repairs. Product mix capabilities have been expanded, with new equipment allowing slab thickness of up to 315 mm and steel quality has been improved due to increased process automation. The ...

NLMK, a leading Russian steel company, is pleased to announce the closure of the order book for its bond issue series BÎ-02, BÎ-03 with a nominal value of RUR1000 per bond. These series have a total value of RUR10 billion and a maturity period of 1092 days (3 years). In the course of marketing, book orders from 34 investors were placed for a total of RUR11.8 billion with a coupon rate ranging from 8.48% to 8.75%. As a result of marketing the bonds, NLMK has set the first, second and ...

NLMK is currently revamping the central dust collection systems at sintering machines Nos.3&4 at its Sinter Plant in Lipetsk. The introduction of a new type of electrostatic precipitator by Alstom Power will reduce residual dust content in exhaust air almost fourfold. Total dust emissions from the Sinter Plant will decrease almost 20%. To date, investment into these improvements has already exceeded RUR560 million, whilst total investment is expected to come to approximately ...

NLMK is currently revamping the central dust collection systems at sintering machines Nos.3&4 at its Sinter Plant in Lipetsk. The introduction of a new type of electrostatic precipitator by Alstom Power will reduce residual dust content in exhaust air almost fourfold. Total dust emissions from the Sinter Plant will decrease by almost 20%. To date, investment into these improvements has already exceeded RUR 560 million, while total investment is expected to come to approximately ...

NLMK’s 2010 Annual Report has brought home multiple awards from recent national contests. NLMK was recognized in five categories at the 9th Yearly Federal Contest of Annual Reports and Corporate Websites organized by Securities Market magazine in cooperation with the Federal Service for Financial Markets: Best all-round representation – 1st place; Best interactive annual report – 1st place; Best level of information disclosure in an issuer’s annual ...

On November 17, 2011 the Amsterdam Court ruled in favor of NLMK, dismissing Maximov's request for leave to enforce the arbitral award of the ICAC (Moscow) dated March 31, 2011, that was annulled by the decision of the Moscow Arbitration Court in April 2011. The decision of the Amsterdam Court is the third decision issued by European courts in favor of NLMK. Earlier decisions by the courts of Luxembourg and Cyprus dismissed Maximov’s attempts to attach the assets of foreign ...

In Q3, the EU and US rolling assets, formerly part of the NLMK / Duferco JV, were consolidated on the Group’s balance sheet for the first time. The newly acquired assets, with approximately 6 million tons of rolling capacity, enabled the Company to improve its sales mix with a bigger share of finished rolled products, as well as ensuring a greater geographic diversification of NLMK’s business operating segments. At the same time, the consolidation of the relatively lower ...

On 16th November 2011, NLMK will start scheduled 35-day repair and maintenance works at its 2.6 mtpy BF-5 at the Company’s main production site in Lipetsk. During this period, NLMK is planning to repair the furnace’s cooling system equipment. These activities were scheduled last year. Preparations for planned repairs have been under way for the last 7 months. The decrease in pig iron output during the maintenance works will be compensated by increased utilization ...

In an article published on November 9, 2011 (“No sign of optimism” by Sergey Pletnev), the Gudok newspaper stated that NLMK was idling one of its blast furnaces due to lack of contracts for export deliveries to Europe. According to NLMK, this information is false. Web-site of NLMK is informing that the speculation that NLMK has no export contracts to Europe is groundless. NLMK is in fact starting planned repairs at its blast furnace shop #1. These activities were ...

On October 28, Palais de Justice, Luxembourg ruled to cancel the arrest that had been placed over the shares of Steel Invest and Finance (SIF) in June 2011 based on a claim from Nikolay Maximov. Mr. Maximov’s claim was based on the decision of the International Commercial Arbitration Court (ICAC) on March 31, 2011, which had awarded Mr. Maximov approximately RUR 10 billion from NLMK. Despite the fact that in April 2011 the Moscow City Arbitration Court issued a ruling to ...

Novolipetsk, NLMK’s main production site in Lipetsk, has commissioned a new 2 mtpa ladle furnace (LF). As a result, the Company will be able to expand its product mix and improve quality by reducing the amount of nonmetallic inclusions and sulfur in its steel to 0,001%. An advanced fume extraction and gas cleaning system at the facility will ensure its excellent environmental performance. Waste gas dust removal is 99.5% efficient. The project will increase production ...

NLMK Europe Management team opened the new Quenching &Tempering Steel transformation line. This investment of over €100 million guarantees the sustainability of the NLMK Clabecq plant (Belgium). This investment supports the NLMK Group’s strategy of development and innovation. A new blast furnace and new basic oxygen furnace facility of over 3.4 mtpa capacity were put into operation at the Company’s main production site in Lipetsk (approximately half thousand ...

NLMK informed that the information related to the decline in the production of one type of the product is a result to the 12 days scheduled maintenance works of the production line at Lipetsk operations (main production site of NLMK). NLMK stated that, by no means this situation is related to the company’s inability to sell in the export markets as it was misinterpreted by Bloomberg citing Uralsib Capital, a local Russian bank. On top of that, following the publication of the ...

NLMK Group’s steel production in Q3 2011 amounted to 2.9 million tons (3.6 % down quarter-on-quarter). The Group’s steelmaking facilities were running at about 90% (100% at the Lipetsk production site; over 50% at the Long Products Division; and c.80% at NLMK’s international divisions). Low capacity utilization rates at the Long Products Division were caused by the idling of one of the two EAFs following a transformer failure. The Group’s total sales amounted to ...

NLMK’s new 300 tons converter was put into operation at the Company’s main production site in Lipetsk. Alongside other Technical Upgrade activities, the launch of the new converter will allow for a 36% increase in steelmaking capacity at the Lipetsk site, up to 12.4 mtpa. NLMK has already announced the successful commencement of startup activities at its new 3.4 mtpa Blast Furnace No. 7 at its Lipetsk site. Investments into the BOF projects have totaled about RUR14.8 ...

NLMK, one of the world’s leading steel companies, today announced the acquisition of the National Laminations group, an electrical steel service center in India, for a total consideration of US $8 million. This acquisition will enhance NLMK’s position in the Indian market as one of the leading suppliers of grain-oriented electrical steel, controlling production from crude steel production to delivery to the final customer. National Laminations group is a grain-oriented ...