Home / Press Releases / NLMK DanSteel Delivers Heavy Plate Steel for Next Generation Offshore Wind Farm

NLMK DanSteel Delivers Heavy Plate Steel for Next Generation Offshore Wind Farm

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NLMK DanSteel, NLMK Group's plant in Denmark, supplied thick plates for Wind Float Atlantic, the world's first semi-submersible floating wind farm located off the northern coast of Portugal. High-quality steel NLMK DanSteel is used for the production of floating platforms and support towers.

Wind Float Atlantic wind farm includes three wind turbines with a capacity of 8.4 MW each, installed on floating platforms. In July, the third turbine was installed, and now the park will operate at full capacity. The generated energy will be enough to supply electricity to 60 thousand homes in Portugal. The project will help reduce CO 2 emissions by almost 1.1 million tonnes per year.

To participate in such innovative offshore projects, NLMK DanSteel has improved the production process and developed a special chemical composition steels with increased resistance to fracture at high dynamic and static loads at low temperatures. Together with the American Bureau of Shipping (ABS), the plant has successfully passed product certification.

About NLMK Group

NLMK Group is a vertically integrated steel company, the largest in Russia and one of the most efficient steel producers in the world.

NLMK Group's 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 USA. 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 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.

For more information about NLMK Group, visit the website.

You can download photos and corporate videos of NLMK Group from the media bank at the link.

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