NLMK boosts premium electrical steels production capacity
NLMK has commissioned a new grain-oriented electrical steel laser treatment unit with a capacity of 54,000 tonnes per year. This is NLMK Group’s fourth line for the production of steels with advanced magnetic properties.
Adding steel surface laser treatment to the finishing stage reduces specific magnetic losses by 8-10%. This enables our customers to make energy efficient transformers in line with the toughening market requirements.
NLMK is the only grain-oriented electrical steel producer in the CIS, holding a 10% share of the global market. NLMK is currently constructing a new plant to produce grain-oriented steel in India with a capacity of 64,000 tonnes per year.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker «NLMK») and its global depositary shares are traded on the London Stock Exchange (ticker «NLMK:LI»). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
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