NLMK launches pre-painted steel with improved decorative properties
NLMK Group, an international steel company with assets in Russia, Europe and the USA, has brought a new multi-layered pre-painted steel to the Russian market. The multi-layered polymer coating is more robust and attractive thanks to its lacquer finish. This steel product is designed for use in façade finishes, roofing, and interior décor.
The new steel is produced by applying at least three layers of coating to galvanized strip. First, the strip is coated with a primer, then painted and finally, a lacquer finish or a colourless enamel is applied.
The extra layers provide shine, depth and a 3D effect in some colours. In addition to the eye-catching appearance, the pre-painted steel benefits from greater resistance to corrosion, ultraviolet rays and moisture, which makes it suitable for use in the construction of buildings regardless of climate.
The first batch of the steel, ‘metallic bronze’ in colour, has already been dispatched to the customer. In May, samples of ‘starry sky’ coloured steel will be presented to key customers.
Ilya Guschin, NLMK Group’s VP for Sales, said:
“NLMK Group was the first Russian steelmaker to master pre-painted steel production in 1991. Over 25 years of experience and expertise and ongoing engagement with paint and varnish producers have helped us to enhance our solutions and offer new types of products to cover the evolving needs of our customers”.
NLMK Group manufactures pre-painted steel at NLMK Lipetsk and at NLMK Strasbourg in France. The total production capacity of the four pre-painting lines in Russia and Europe is ca. 700,000 tonnes per year. More than 95% of pre-painted steel is supplied to the construction industry. NLMK Group's share in the pre-painted steel market in Russia is estimated at 23.6%.
Please follow the link to watch a video about the new product.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In FY2016, the Company generated $7.64 billion in revenue and $1.94 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.
NLMK’s ordinary shares with a 16% 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"). For more details on NLMK shareholder capital, please follow the link.
NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.