Novolipetsk Metallurgical Plant has launched a new complex for laser processing of electrical transformer steel with a capacity of 54 thousand tons per year. This is the fourth line for the production of metal with improved magnetic properties at NLMK Group sites.
Laser treatment of the metal surface at the final stage of production allows to reduce specific magnetic losses by 8-10%. For customers, this makes it possible to produce energy efficient transformers in accordance with the growing market requirements.
NLMK Group is the only transformer steel producer in the CIS and holds more than 10% of the world market. NLMK is currently building a new plant for the production of transformer steel in India, with a capacity of 64 thousand tons per year.
Information about NLMK Group
Group NLMK is 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 18 million tonnes per year.
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.