At the Novolipetsk metallurgical plant, the flagship site of NLMK Group, after the reconstruction was commissioned the Converter No. 2 unit for crude steel production capacity of 3 million tons per year. In combination with the Converter to work running new gas equipment that meets best available technologies.
replacing the Converter number 2 is the first stage of an extensive renovation in steel production. In the next phase, which will begin in may 2020, it is planned to reconstruct the same power Converter # 3.
Update steelmaking capacities will allow to maim the output of the plant by 15% to 10 million tonnes of steel a year. The introduction of more efficient gas cleaning equipment will ensure the capture 99.9 percent of dust, which corresponds to the best global practices.
the project will also allow the use of BOF gas for electricity generation at the new recycling thermal power plant to be built at the site of NLMK.
the Total investment in the reconstruction of the two converters, gas cleaning equipment and infrastructure will be more than 26 billion rubles.
"the Reconstruction at BOF shop No. 2 – one of the key projects of the strategy of the company. In combination with other projects, it will allow to increase steel production by 1 million tons. The introduction of best available technologies in BOF production will virtually eliminate dust emissions at the site," commented managing Director of NLMK Vyacheslav Vorotnikov.
about the company
NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.
NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.
the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.
NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for the year 2018 amounted to $ 12 billion, EBITDA – $ 3.6 billion. The ratio of Net Debt/EBITDA of 0.25 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and Expert RA.
Ordinary shares of JSC "NLMK", the free float is 19%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares 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 1 Russian ruble.
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