NLMK Group (LSE: NLMK), a leading global steel company, is pleased to announce that it will be hosting a Capital Markets Day in London on 6th March. The company will present information about the implementation of its Strategy 2017 programme and progress of strategic planning for the next phase of the Company’s development and hold a Q&A session with investors.
NLMK USA has refinanced a $250 m credit line that it acquired in 2011. The new revolving credit line has a maturity of 4 years and will be used to finance working capital and general corporate activities.
NLMK USA has re-started its #2 hot-dip galvanizing line in February 2017. The line, which is located at Sharon Coating in Pennsylvania, has a capacity of approximately 226,000 metric tonnes per year. With the re-launch of the second line, Sharon Coating’s effective capacity increased by 43% driven by growing demand in the USA.
NLMK Group is pleased to announce the appointments of Anatoly Khebnev as Vice President for Procurement and Dmitry Kolesov as Vice President for Maintenance.
In 2016, NLMK Group steel output* increased by 4% yoy to a record 16.6 m t; sales totaled 15.9 m t (stable yoy). Group steelmaking capacities in 2016 were running at 96%, up by 3 p.p. yoy. 4Q 2016 sales totaled 3.6 m t (-4% yoy); steel output grew by 8% yoy to 4.2 m t.
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, is pleased to announce the appointment of Cornelius Louwrens as the CEO of NLMK Belgium Holdings plate business.