Nlmk. October

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 ...

NLMK, a leading Russian steel company, announced that its Board of Directors has approved the decision to launch the ruble corporate bond program series 07-11 with a maturity of 10 years. The total value of the program is RUR 50 billion. The Board has also approved the decision to issue the bonds and the Prospectus of the 07-11 series bond emission. The new issue is being lead-managed by Gazprombank, ZENIT Bank and ROSBANK. This new instrument will help NLMK to attract long-term ...