NLMK Group launches online slab shop
NLMK Group, a global steel company, has launched NLMK Slab Shop, an online platform for slab sales. The service, unique for the global steel market, will enable customers to buy slabs in small batches starting from 60 tonnes.
NLMK Slab Shop aggregates orders for small batches from 60 to 2,400 tonnes. Orders with the same parameters are combined into a single lot for production at NLMK. Each client of the service can form a request for any product range of the required volume or join an already created request.
Manufacturers of flat rolled products often have a need for small volumes of semi-finished steel products made of special steel grades. It is difficult to meet these needs in the commodity market due to technical limitations on the minimum batch production, so rolled products manufacturers are forced to use less effective solutions: to produce the required slabs themselves or place orders for excess volumes.
Ilya Gushchin, NLMK Group VP, Sales, said: “NLMK Group’s new service will offer our customers a quick and convenient way to purchase steel for further rerolling: no prepayment is required for processing the request, and the transaction is approved promptly. We want to enable our customers to focus on the efficiency of their processes by taking on the management of quality and delivery risks ourselves.”
NLMK Group is one of the world leaders in the production of semi-finished steel products. The Company's share in the global steel slab market exceeds 20%.
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 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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