NLMK today announces the closing of its U.S.$500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually.
14 September 2017 NLMK published an RNS where it noted the announcement by Steel Funding D.A.C.
NLMK Group is pleased to announce the opening of NLMK Turkey, its sales office in Turkey. As part of Strategy 2017, NLMK Group is focusing its sales in key markets, including Turkey, that accounts for up to 20% of the Group’s export.
NLMK Group has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tonnes per year.
Stoilensky has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tonnes of concentrate per year.