Nlmk. November

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 ...