Home / Press Releases / NLMK and the Austrian Metallurgical Competence Center K1-MET partnered to develop a technology for recycling metallurgical waste

NLMK and the Austrian Metallurgical Competence Center K1-MET partnered to develop a technology for recycling metallurgical waste

Press Releases

NLMK Group, an international metallurgical company, has become an industrial partner of K1-MET (Austria), a leading European center of excellence for the development of advanced metallurgical processes. In cooperation with the shareholders of K1-MET - Voestalpine Stahl, Primetals Technologies Austria, Montan-University of Leoben and the University of Linz - NLMK will implement projects for the efficient use and processing of secondary raw materials from metallurgical production.

The first joint project of NLMK, Voestalpine and K1-MET, launched in 2021, aims to develop a technology for processing zinc-containing waste. The new technology will make it possible to separate zinc from iron-containing materials in this raw material, thanks to which NLMK will be able to return thousands of tons of iron to the production cycle.

An important environmental effect of this technology is the replacement of fossil raw materials with secondary resources, which will reduce the volume accumulation of waste and contributes to the reduction of greenhouse gas emissions.

“Cooperation with K1-MET is another step towards achieving NLMK's strategic goals in the field of sustainable development. Joint research with major European and international industry centers of excellence helps NLMK achieve significant results in reducing the impact of production on the environment, "commented Sergey Chebotarev, Vice President for Energy and Environment of NLMK Group.

K1-MET cooperates with global steel companies to address issues such as energy efficiency, circular economy and climate change mitigation.

About NLMK Group

NLMK Group - a vertically 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 has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.

NLMK's common shares, which have a free-float of 20.7%, 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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