24 December 2018

NLMK to award scholarships to best MISIS students

NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and grow the number of on-the-job trainees from the University at its sites.

NLMK and MISIS have signed a framework cooperation agreement which will facilitate the training of qualified steelmaking professionals and contribute to the development of the vocational training system.

The agreement opens up new opportunities for science and education projects with MISIS students and professors. Expanded NLMK/MISIS partnership will involve joint participation in career guidance events, forums, career days, and round tables on topical issues related to the development of the steel sector.

Mikhail Arkhipov, NLMK Group Vice President, HR and Management System, said:

“This partnership with one of the oldest steel universities in Russia is our contribution to training highly qualified steelmaking professionals. I am convinced that this agreement will provide a new impetus to exploring the unique synergies that exist between NLMK and MISIS.”

Alevtina Chernikova, MISIS University President, said:

“MISIS National University of Science and Technology has been actively cooperating with NLMK on joint research, educational and professional guidance projects for many years. In 2017 NLMK became one of the University’s key partners in organizing a project shift at Sirius Educational Centre. In 2018 NLMK supported CUP MISIS CASE, a national case-solving competition, traditionally organized by MISIS. This new agreement between NLMK and MISIS will enable us to go ahead with many new projects in a wide variety of University focus areas.”

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 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 9M 2018, the Company generated $9 billion in revenue and $2.7 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).

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"). 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.

The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards – Steel in 2016, and awarded it the CEO of the Year in 2018.