NLMK Russia Long launches new products
NLMK Ural, an NLMK Russia Long Products plant, has begun to manufacture continuously cast steel billets with a 150x150 mm section following an upgrade of its steelmaking and rolling capacities. Previously, the melt shop’s capacities only supported the production of 125x125 mm billets. The new dimensions will enable expanding the grade and section mix for wire, wire rod, and fasteners.
Dmitry Stopkevich, CEO, NLMK Russia Long Products Division, said: “Launching the production of a new steel billet section will enable us to bring new products to market and further enhance the quality of our current offering. We will grow our output of high-carbon wire rod, one of the most in-demand products, by 40% per year, while at the same time boosting its physical and mechanical properties.”
The project to upgrade NLMK Ural production capacities included an overhaul of the continuous casting machine in the melt shop and the installation of an additional stand train in the rolling shop. Total investment amounted to over RUB 400 million.
About NLMK Russia Long Products Division
NLMK Russia Long Products Division, part of NLMK Group, is one of the largest producers of long products and metalware in Russia.
NLMK Russia Long Products Division includes NLMK Ural, NLMK Metalware, NLMK Kaluga, NLMK Ural Service, and NLMK Vtorchermet. The Division’s facilities come together to form an integrated production cycle, from scrap collection and processing to the production of HVA steel products such as rebar, wire rod, and metalware.
NLMK Russia Long Products production capacity is 3.7 million tonnes pa of steel, 2.9 million tonnes pa of rebar and wire rod, and 0.5 million tonnes of metalware.
The division’s headcount is 9,000 employees.
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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