Novolipetsk Iron and Steel Works began shipping a new product for the construction and electrical industries - galvanized steel with a more corrosion-resistant and environmentally friendly coating.
A thin organic coating is applied to the metal after galvanizing and provides a 3-fold increase corrosion resistance of metal compared to traditional technology. This effect is achieved through the use of anticorrosive pigments based on chemical compounds that are safer than chromium-based coatings. Additional advantages of the new coating are greater resistance to stamping and forming, better weldability and paintability of the metal.
The volume of production of the new product will be about 100 thousand tons per year.
Information about NLMK Group
NLMK Group 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 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”). 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.