NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q3 and 9M 2016 on Monday, October 31, 2016.
NLMK Group has completed hot-testing of its new crushing and screening unit for the processing of steelmaking slag at its Lipetsk production site. The project will double the amount of scrap, or ‘metal inclusions‘, extracted from waste and returned to the production process.
NLMK Group has been honored at the prestigious Cannes Corporate Media & TV Awards 2016 international festival for the first time in its history.
Q3 2016 NLMK Group sales increased 7% qoq to 4.2 m t. Steel output was 4.0 m t (-4% qoq). In 9M 2016 Group steel output and sales increased by 2% yoy to a record high 12.3 m t. 9M 2016 capacity utilization rate was up by 1 p.p. to 95%.
NLMK Group and KAMAZ, Russia’s leading heavy-duty truck manufacturer, have held their first Coordinating Council. At a meeting held in Naberezhnye Chelny, the two companies discussed steel deliveries, as well as the possibility of manufacturing new machinery for NLMK, including with the use of premium Quard steel.