NLMK Group, an international steel company with assets in Russia, the United States and the European Union, has shipped 5 million steel billets to the Vyksa Steel Works (VMZ, part of the United Metallurgical Company).
NLMK Group and OMK created a unique Russian high-tech chain in 2012. Iron ore from Stoilensky GOK is used to produce steel billets at NLMK's Lipetsk site. Then, at VMZ, they are used to make heavy-plate products at the large-format mill-5000 and large-diameter pipes at TPP-4.
The high quality of NLMK steel in combination with modern technologies for the production of thick plates and the production of large-diameter pipes at the Vyksa Steel Works provide production of pipes at the level of world standards, which is confirmed by the participation of OMK products in international pipeline projects. Among them are Power of Siberia, Bovanenkovo-Ukhta, Ukhta-Torzhok, Central Asia - China, Zapolyarye-Purpe and a number of others.
By participating in strategically important For the country's projects, NLMK Group has already supplied OMK with 5 million tons of steel, from which high-quality large-diameter pipes are produced. Another milestone in our partnership is a vivid example of effective and mutually beneficial cooperation with consumers within a single technological space, "commented NLMK Group Vice President for Sales Ilya Gushchin Ilya GuschinVitse president of sales Biography .
“The unified pipe production chain, which OMK and NLMK managed to build, made it possible to replace imports and provide Russian energy companies with products highest quality. Domestic large-diameter pipes are used in the construction of the largest international and domestic gas and oil pipelines, which made it possible to reduce the purchase of these products by import to almost zero, "commented Eduard Stepantsov, head of OMK's commercial department.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient producers of steel products.
The Group's steel products NLMK is used in a variety of industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which have a free-float of 18.6%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker “NLMK: LI”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
For more information about NLMK Group, visit the website.
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