NLMK completes custom order for Russian machine builders
NLMK Lipetsk, NLMK Group’s flagship production site, and A GRUPP, Russian metal trading company, have developed and delivered the first batch of hot-rolled 25X grade heat-resistant and wear-resistant steel sheets to OMP (Oka Machine Building Plant) in Nizhny Novgorod region as part of a packaged solution. The use of this steel for the production of fast-wearing elements of car bogies (undercarriage assemblies) increases their service life and reduces machining costs.
This new grade required NLMK Lipetsk to develop a new chemical composition of steel, adjust the steel smelting and conditioning process, and finetune the hot rolling mode. Tests confirmed that compared to the steel grade previously used by OMP, NLMK steel is 10% stronger and enables more reliable operation of undercarriage assemblies. Moreover, on-site testing indicated that the proposed steel grade requires lower machining costs.
Ilya Guschin, NLMK Group VP, Sales, said: “Continuous cooperation with our customers enables us to fine-tune our processes and boost the quality of our products. Joint development in this direction will contribute to strengthening our customers’ competitive edge and expand our mix to include new types of products.”
About A GRUPP
A GRUPP is one of the largest metal trading companies in Russia. A GRUPP sells pipes and rolled metal, produces metal structures, designs and commissions buildings and industrial facilities. A GRUPP steel centers are located in the Central, North-Western, Volga, Southern, Ural, Siberian and Far Eastern Federal districts, as well as in the Republic of Belarus and the Kyrgyz Republic.
For more details on A GRUPP, please follow the link.
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 competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% 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.
For NLMK Group’s photos and corporate videos, please visit our media library.