Nlmk. September

NLMK, the LSE-listed leading steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting (EGM) held on 29 September 2011. Shareholders approved new versions of NLMK’s internal documents, including the Charter and Regulations on the Board of Directors’ Remuneration, as well as the dividend payment for the first half of 2011 of RUR 1.40 per ordinary share. Further to the Dividend Declaration on 16 August 2011, the ...

China wants to close its market for transformer steel from Russia, by raising the import tax to 65%. As a result, Russian manufacturer - NLMK - may lose one of the major sales markets, which accounts for about 10% of this product exports. NLMK addressed Ministry of Economics with the request to discuss issues about the supply of transformer steel from Russia to China at the upcoming meeting of the intergovernmental commission between the two countries. This summer the Ministry of ...

The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 2.5 mtpa continuous casting machine (CCM-8). The objective of the CCM-8 reconstruction project was to increase output, expand the product mix and ensure a consistently high quality of concast slabs for further conversion into flats. Currently the maximum thickness of slabs produced by continuous casting machines in Russia is 300 mm. Following the CCM-8 ...

A complete set of equipment supplied by Austrian VAI SIEMENS for the EAF Shop at NLMK’s Kaluga Mini Mill, which is currently under construction, has arrived at the site. The electric-arc furnace (EAF), ladle furnace (LF) and 8-strand continuous casting machine (CCM) are currently being assembled at the plant. The EAF will feature Ultimate, an innovative steelmaking technology, combining high specific electric power (more than 1 m WA/t) and a single-bucket EAF charging practice. ...

NLMK announces the start up of a new 300 mtpa BOF at Novolipetsk (its main production site in Lipetsk). Together with other projects under NLMK’s Technical Upgrade Program, the new facility will boost Novolipetsk steelmaking capacity 36% to 12.4 mtpa. The project, which is being carried out jointly with Siemens VAI (Austria) and Azovmash (Ukraine), is part of the Company’s ongoing capital expenditure program aimed at increasing low-cost BOF steel output at NLMK assets in ...

The Company’s new 150 MW Recovery Cogeneration Plant has started receiving and processing BF gas from Blast Furnace No. 7 currently being hot tested at NLMK. With the new plant, Novolipetsk (NLMK’s Lipetsk site) generation capacity will increase by 45% to 482 MW, bringing the level of energy self-sufficiency up from 47% to 56% even given the expansion of the NLMK’s BF and steelmaking capacities. The project is worth RUR6.8 billion, with the bulk of investments ...