Stoilensky, part of NLMK Group, an international steel company with operations in Russia, the European Union and the USA, produced its six-millionth tonne of pellets in the lead up to new year.
One of the largest pelletizing plants in Europe was launched at Stoilensky in November 2016. Having reached design capacity of 6 million tonnes of pellers per year in June 2017, the plant began to supply over 500,000 tonnes of 64.8% Fe pellets (in line with the project parameters) to NLMK Lipetsk every month.
Sergey Napolskikh, Stoilensky General Director, said:
“Six million tonnes of pellets is a testimony to the success of NLMK Group’s key Strategy 2017 investment project. Maintaining the current productivity of the induration furnace in 2018 we plan to produce 6.4 million tonnes of pellets. We are planning a further 20% expansion of this capacity down the line to reach 7.2 million tonnes of pellets per year. Achieving the set goals will enable us to supply NLMK Group’s future growth projects with low cost raw materials.”
Stoilensky’s pelletizing plant, NLMK Group’s largest investment project, was executed in two years. Construction of the plant began in 2014 and was completed in November 2016. It required a total investment of around $680 million (34 billion rubles).
The best available technology and equipment was selected during the design phase. The largest horizontal grate induration furnace in Europe ensures the plant’s high performance at 780 tonnes of pellets produced per hour. The Stoilensky pelletizing plant is the first in the Russian metals and mining industry to use high-efficiency hyperbaric filters to remove fluid during the processing of ore.
The concept behind the design of the pelletizing plant is that of an environmentally friendly, waste-free facility, in which waste charge material and captured dust are fully recycled. A high efficiency dedusting system captures up to 98% of emissions.
The launch of the pelletizer that is of strategic importance for NLMK Group enabled the Company to consolidate its position as one of the most efficient steelmakers in the world by supplying its blast furnaces with low cost captive raw materials.
Stoilensky (an NLMK Group company) is one of the three leading Russian iron ore-mining companies. The company accounts for over 18% of Russia’s total iron ore production.
Stoilensky is unique in combining high efficiency with low production costs and the very highest production quality. Its main products are iron ore concentrate, sinter ore and iron ore pellets. Its commercial reserves are over 6 billion tonnes.
For more information on Stoilensky, please visit https://sgok.nlmk.com/en/
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s 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 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has investment grade credit ratings 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"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.
NLMK Group’s photos and videos are available for downloading from our mediabank at https://media.nlmk.com/en/