Home / Press Releases / NLMK supplied RUSELPROM with low-loss electrical steel

NLMK supplied RUSELPROM with low-loss electrical steel

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NLMK Group, an international metallurgical company, has supplied the RUSELPROM concern, one of the largest Russian manufacturers of electrical equipment, with electrical (dynamo) steel for the production of propulsion electric motors and main ship generators.

The high-tech steel supplied is characterized by a particularly low specific magnetic losses - 30% less than commercial analogs. The magnetic and mechanical properties of steel make it possible to produce on its basis more powerful and energy-efficient electrical equipment.

The use of NLMK steel allowed RUSELPROM to refuse to purchase imported analogues and increase the competitiveness of its products.

NLMK is a leader of the Russian market for the production of dynamo steel. The company possesses the necessary competencies to develop innovative types of electrical steel products and is constantly working to create new brands with improved characteristics.

Information about NLMK Group

NLMK Group - vertical is an integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products 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 United States. 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 ordinary 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, please visit the website.

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

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