21 July 2014

Dmitry Medvedev awards honorary certificate of the Russian Government to NLMK team

Dmitry Medvedev awards honorary certificate of the Russian Government to NLMK team
The honorary certificate of the Government of the Russian Federation has been awarded to NLMK workers in recognition of the contribution they have made to the development of the country’s steelmaking. The certificate was awarded today by Dmitry Medvedev, Chairman of the Government of the Russian Federation, during a site visit to NLMK’s production facilities.

Dmitry Medvedev took part in the ceremonial meeting to mark Metallurgist’s Day and the upcoming 80th anniversary of the plant. He also presented 22 state and governmental awards to NLMK workers, including the Order of Friendship; Medal of the Order of Merit to the Motherland (II Degree); honorary titles of Merited Steelmaker of the Russian Federation; Merited Machine-Builder of the Russian Federation; Merited Transportation Worker of the Russian Federation; Merited Chemist of the Russian Federation; and honorary certificates of the RF Government.

During the award ceremony, Dmitry Medvedev emphasized the key role of steelmaking in Russia’s economy:

“Steelmaking has always been a primary industry and backbone of the economy; the development of the country and all other industries depends on it. Over the last ten years, Russian steelmaking overall has been showing good progress. Your operations are on par with international companies, in some areas even surpassing them. An impressive pool of talent is required to address the challenges the industry is facing, and steelmakers have it. Your plant is an example of what modern, first-rate operations can be like. You are doing a great job.”

Accompanied by NLMK Chairman of the Board of Directors Vladimir Lisin and NLMK President Oleg Bagrin, the Chairman of the Government visited the pre-painting shop and Blast Furnace #7, the most productive blast furnace in the world. He also talked to the students from NLMK-supported colleges that are undertaking their internships at the company.

NLMK has always been a center for innovative solutions that set the standard not only for Russian but global steelmaking as well. This is evidenced by the company’s performance over the last decade that has allowed it to expand its steelmaking capacity and solidify its competitive advantages in the global steel market. Today, NLMK is a truly global company and one of the most advanced and efficient in the world.
About Novolipetsk

Novolipetsk is the main production asset of NLMK Group, Russia’s leading manufacturer of steel and steel products with high value added, and one of the most efficient steelmaking companies in the world. The plant is the core of NLMK Group’s integrated international production chain with assets located in Russia, the EU and the US.

The plant’s history began 80 years ago with the launch of the first blast furnace. Since then the plant has come a long way – from a single blast furnace to a global steelmaking company.

Today, Novolipetsk produces more than 12 million tonnes of steel per year, or approximately 18% of all steel produced in Russia and approximately 80% of NLMK Group’s steel products.

NLMK’s high-quality steel products are used in various strategically important industries, from construction and machine-building to the production of energy equipment and large-diameter pipes.

About NLMK Group

NLMK Group is one of the leading steelmakers in the world, and the largest steel producer in Russia.

NLMK’s production facilities are located in Russia, Europe and the USA. The Company’s crude steel capacity is over 17 million tonnes per year, of which approximately 16 million tonnes are located in Russia. NLMK has modern production capacities that are technologically on par with leading international manufacturers.

The Group’s vertical integration allows for control of the entire production chain, from mining to final processing and delivery to our customers.

The Group produces a wide range of flat and long steel products. NLMK is the leading supplier of slabs and transformer steel in the world, and the largest Russian supplier of HVA products, including pre-painted steel, galvanized steel and electrical steel, as well as long products.

The Company has a diversified geography of sales, delivering its products to over 70 countries around the world.

NLMK has the most competitive cash cost among global manufacturers; and one of the highest profitability levels in the sector. The Company generated $10.9 billion in revenue and $1.5 billion in EBITDA in 2013.

NLMK is the only steelmaker in Russia with an investment grade credit rating from international rating agencies. It is included into TOP10 for corporate governance and transparency among Russian public companies by international rating companies.

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker “NLMK”) and its global depositary shares on the London Stock Exchange (ticker “NLMK:LI”).