NLMK and the company's social partner, the Mercy Foundation, continue to provide assistance to employees and residents of the regions of presence amid the second wave of the COVID-19 pandemic:
- Until the end of November, 46 thousand Russian employees of the company will receive a one-time cash payment. The total amount of payments to employees will amount to 1.4 billion rubles, in addition, the company will compensate for the corresponding income tax;
- In addition, by the end of the year:
- 10 medical institutions in the regions of the company's presence will receive expensive medicines, which are used to treat patients with severe manifestations of COVID-19 and pneumonia, for a total amount of about 40 million rubles;
- 15 thousand large families living in seven cities of the company's presence will be provided with financial assistance, the total amount of payments will be about 20 million rubles.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company , the largest steel producer in Russia and one of the most efficient in the world.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK assets are located us 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, and the company's profitability is one of the highest in the industry. The company's revenue for 2019 was $ 10.6 billion, EBITDA - $ 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.
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