NLMK Group, an international steel company, has analyzed the possibilities of reducing CO2 emissions as part of the Worldsteel Step Up decarbonisation program.
The company joined the Step Up program in 2020. Together with Worldsteel experts, NLMK Group develops measures to increase equipment productivity, reduce resource consumption, increase the quality of raw materials and improve the reliability of production processes. These events are aimed at achieving the best global practices in the field of reducing greenhouse gas emissions.
NLMK Group has so far achieved a significant reduction in CO2 emissions and is one of the global leaders in the industry in terms of emissions per ton of products. Over the past five years, against the backdrop of production growth, NLMK Group has reduced CO2 emissions per ton of production (steel and cast iron for external sales) by 4% - from 1.98 tonnes in 2016 to 1.90 tonnes in 2020 - and sets a target further reduction to 1.84 tonnes - by another 3% - by 2023
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's 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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