NLMK Group, an international metallurgical company, set a record for the transshipment of steel products for export in June due to increased demand in foreign markets. Consumers shipped 1.2 million tons of metal, 65% more than the average monthly export volume and 0.3 million tons higher than the previous record in December 2018. The high level of shipment was made possible thanks to the supply chain optimization program.
In close cooperation with Russian Railways, the company's logistics staff managed to ensure the rapid advancement of trains in the direction of ports and the prompt return of wagons back to the NLMK site, despite the increased load on the railway network .
Additional storage facilities have been allocated in ports to accommodate shiploads of NLMK's rolled steel. An increase in the transshipment intensity was facilitated by the allocation of separate berths and crane technological lines for the loading of rolled metal, as well as the operational planning of chartering and the approach of ships.
Historically, the maximum level was reached by the transshipment of products through the Tuapse seaport (0.3 million tons). Slabs, coils, billets for long products, iron ore concentrate were shipped to consumers in Europe, the Middle East and Southeast Asia.
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.
NLMK Group metal products are used in various 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, and the company's profitability is one of the highest in the industry. The company's revenue for 2019 was $ 10.6 billion, EBITDA was $ 2.6 billion. The Net Debt /EBITDA ratio was 0.7x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 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.
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