Novolipetsk steel, the flagship company of NLMK Group has supplied automotive component manufacturer UzSungwoo (SP Uzbekistan - South Korea) a pilot batch of galvanized steel with the effect of increasing the strength at the heat - Bake Hardening (BH).
a Trial batch made under the individual order of the client. Made of it the inside of the frame, which are responsible for the safety of the car collection General Motors. The testing confirmed conformity of all characteristics of plasticity and strength of metal with the requirements of standard GM.
Steel with BH-effect initially has a high plasticity and is converted into high-strength element body during cold forming. The combination of plasticity and high strength allows the use of such steel for the production of lightweight body parts in the configuration of any complexity. More durable and lightweight material improves safety and reduces weight, reduces fuel consumption and improves environmental friendliness of the car.
"Together with UzSungwoo we continue to complicate and expand product range. High quality metal and precision timing of delivery confirmed by our clients. We are ready to offer our customers new steel grades and planning to further develop its presence in the segment of metal for the automotive industry," commented Vice President of sales of the Group, Ilya Guschin, NLMK.
NLMK supplies UzSungwoo galvanized and cold-rolled steel, manufactured according to the GM standard, including the "soft steel" which are high stampuesit and high strength metal new brands. Currently on order UzSungwoo fabricated and tested two-phase steel. It combines the unique mechanical properties which provide a vehicle weight, fuel economy and high safety.
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 RAEX (Expert RA).
Ordinary shares of JSC "NLMK", free float which is 18.6%, 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. Read more about equity NLMK can be found at the link.
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