News

23 May 2016

NLMK Group Recognised as Steel Industry Leader at Platts Global Metals Awards 2016

NLMK Group Recognised as Steel Industry Leader at Platts Global Metals Awards 2016

NLMK Group, an international steel producer with operations in Russia, the EU and the USA has won in the category ‘Industry Leadership Awards – Steel’ at prestigious Platts Global Metals Awards 2016.

The award ceremony took place on May 19 in London. The awards programme, which is now in its fourth year, was hosted by leading international periodical S&P Global Platts, which provides analytical information on commodities and energy markets. The finalists were chosen from more than 100 nominees from 17 countries. The short-list of the category ‘Industry Leadership Awards – Steel’ included eight companies, leaders of the global steel industry.

The category ‘Industry Leadership Awards’ is historically open to companies that have performed actions that have transformed their company or had far-reaching positive consequences in their sector of industry. The judges were looking for companies that demonstrated strong performance; as well as new projects, initiatives and achievements during the preceding year.

The judges have chosen NLMK Group for its thought-out strategy of international vertical integration, consistent strong financial performance ensured by Strategy 2017 implementation, the most competitive cash cost in the industry, a significant share of innovative premium products in its product mix, and its focus on energy efficiency growth.

Oleg Bagrin, NLMK Group CEO said, “We are pleased that the success of NLMK’s single international team has been recognized. I would like to thank our employees for their professionalism and commitment; our management for their ideas and solutions that contribute to a stronger leadership; and our shareholders for their trust in the success of our strategy”.

Leadership in operational efficiency is the key goal of NLMK Group’s Strategy 2017. As a result of the implementation of this strategy in 2014-2015, the net gain from dedicated projects totalled $280 million per year. In 2015, NLMK undertook extensive development of the Group’s Production System, with the total number of projects growing by over 500 to exceed 1,800 by the end of the year. For more information on the outcome of efficiency improvement projects in 2015 visit this page.

The Platts Global Metals Awards recognises the top performers, industry leaders and innovators in the steel, metals and mining industries. The Awards programme features 14 categories, which recognise achievement both on an individual and corporate level. The awards programme is modelled on the Platts Global Energy Awards, which was established in 1999 and is often described as the Oscars of the energy industry.

About S&P Global Platts

S&P Global Platts is a periodical that is part of S&P Global Inc. holding. S&P Global Platts is the leading independent provider of information on a variety of markets spanning energy, petrochemicals, metals, agricultural products and shipping. The company was founded in 1909. S&P Global Platts is headquartered in London and employs over 1,000 people in more than 15 offices worldwide. For more information visit http://www.platts.com.