Novolipetsk Metallurgical Plant, the main site of NLMK Group, and the Russian metal trading company A GROUP, as part of providing the client with a comprehensive solution, developed and delivered the Oksky Machine-Building Plant (OMZ) in the Nizhny Novgorod Region the first batch of hot-rolled sheets of heat-resistant and wear-resistant steel grade 25X. The use of this steel for the production of rapidly wearing elements of carriage bogies - units of the undercarriage of railway cars - increases the service life of the parts and reduces the costs of metal processing.
The production of this brand required NLMK to develop a new chemical composition of the metal, adjust the smelting technology and steel processing, as well as hot rolling mode. Testing has confirmed that, in contrast to the steel grade used by OMZ earlier, NLMK's metal is 10% stronger and can provide more reliable operation of railcar running gear assemblies. In addition, tests at the plant showed that the proposed steel grade requires lower costs in metalworking.
“Constant interaction with customers allows us to improve technology and improve the quality characteristics of products. Joint development in this direction will contribute to the growth of the competitive advantages of our clients and the increase in the company's order portfolio through the creation of new types of products, ”commented Ilya Gushchin, Vice President for Sales of NLMK Group.
Information about corporation A GROUP
A GROUP is one of the largest metal trading companies in Russia. A GROUP is engaged in the sale of pipes and rolled metal products, the production of metal structures, the design and commissioning of buildings and industrial facilities.
A GROUP metal centers are located in the Central, North-West, Volga, Southern, Ural, Siberian and Far Eastern Federal Districts , as well as in the Republic of Belarus and the Kyrgyz Republic.
Additional information about A GROUP Corporation is available on the website.
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's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind farms. installations.
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 in 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 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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