Index provider MSCI added NLMK (MOEX:NLMK, LSE:NLMK), an international steel company with facilities in Russia, the USA, and the EU, to the MSCI Emerging Markets and MSCI Russia indices.
The announcement was made based on the results of MSCI’s Semi‐Annual Index Review. The changes will be implemented as of the close of May 31, 2017.
NLMK’s shares, with a 16% free-float, are traded on the Moscow Exchange, as well as in the form of Global Depositary Shares (GDS) on the London Stock Exchange (LSE). Indices that include NLMK shares: MICEX and RTS, calculated by the Moscow Exchange, and MICEX Metals & Mining Industrial Index. Starting from end of May 31, 2017, NLMK is also included in the MSCI Russia and MSCI Emerging Markets indices.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In FY2016, the Company generated $7.64 billion in revenue and $1.94 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). For more details on NLMK shareholder capital, please follow the link.
NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.