Novolipetsk Steel (“NLMK”) hereby informs the holders of the 4.00 per cent. loan participation notes due 2024 (ISIN: XS1577953174, US85812RAA77) (the “Notes”) that (i) on 21 September 2022 NLMK made the scheduled coupon payment to the holders of the Notes whose rights are recorded by Russian depositories, and (ii) on 26 September 2022 (having received the required authorization from the Ministry of Finance of Russia) NLMK transferred the amount equivalent to the balance of the coupon payment to the account of the Issuer of the Notes (Steel Funding D.A.C.) with the Principal Paying Agent (Deutsche Bank AG, London Branch), which was supposed to be on-transferred by the Principal Paying Agent to the international clearing systems for distribution to the holders of the Notes via these systems.
NLMK Group, an international steel company, is pleased to announce that Expert RA has assigned it the credit rating of ruAAA with a stable outlook.
NLMK Group hereby informs that Expert RA has withdrawn NLMK’s credit rating following the expiration of the rating services agreement. NLMK Group plans to resume activities on initial credit rating assignment in the nearest future.
Loan participation notes issued by Steel Funding DAC (the “Issuer”) for the purpose of funding loans to Novolipetsk Steel (“NLMK”) due 15 June 2023, 21 September 2024, 30 May 2026 and 2 June 2026 (the “Notes”).
At NLMK Group’s Annual General Meeting of Shareholders held on 30 June 2022, NLMK shareholders resolved not to pay FY2021 dividends, following the recommendation of the Board of Directors.
In Q4 2021, NLMK Group (LSE: NLMK, MOEX: NLMK) increased sales by 8% qoq to 4.5 m t as output grew by 16% qoq to 4.5 m t.
NLMK Group (LSE: NLMK, MOEX: NLMK) today announces that its Q3 2021 sales totalled 4.1 m t (-4% qoq). Sales in export markets grew by 2% qoq to 1.4 m t amid stable demand
NLMK Group (LSE: NLMK, MOEX: NLMK) in Q2 2021 increased its sales by 11% qoq to 4.3 m t supported by a 5% qoq production growth. Sales to the Russian market increased by 8% qoq to 1.8 m t (+26% yoy).
NLMK Group (LSE: NLMK, MOEX: NLMK) increased steel output by 12% qoq (+4% yoy) to 4.4 m t. Consolidated sales declined by 7% qoq to 3.9 m t (-13% yoy) driven by a decrease in commercial pig iron sales amid repairs at NLMK Lipetsk BF operations coupled with an increase in intragroup slab sales.
NLMK Group (LSE: NLMK, MOEX: NLMK) sales grew by 3% yoy to 17.5 m t in 2020. Steel output increased by 1% yoy to 15.8 m t.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q3'21 dividend in the amount of RUB 13.33 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 26 November 2021.
NLMK Group’s EBITDA (LSE, MOEX: NLMK) in Q3 2021 increased by 11% qoq to $2.3 bn; EBITDA margin was 50%. Free cash flow (FCF) reached $1.1 bn. The Board of Directors recommended approving Q3 2021 dividends in the amount of 13.33 RUB/share (100% of the FCF).
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q3 2021 on Thursday, October 21, 2021.
At the Extraordinary General Meeting of Shareholder (EGM) held on 27 August 2021, NLMK shareholders approved the payment of Q2 2021 dividends of RUB 13.62 per share. The date upon which the shareholders entitled to Q2 2021 dividends will be determined was set as 7 September 2021.
NLMK Group’s EBITDA (LSE, MOEX: NLMK) in Q2 2021 totalled $2.1 bn; EBITDA margin grew by 9 p.p. qoq to 50%. Free cash flow (FCF) reached $864 m. NLMK Group Board of Directors recommended approving Q2 2021 dividends in the amount of 13.62 RUB/share (127% of the FCF).
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q2'21 dividend in the amount of RUB 13.62 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 27 August 2021.
NLMK Group, a global steel company, announces today that the FTSE Russel agency has revised NLMK’s FTSE4Good rating upwards from 3.4 to 4.3 (with a maximum of 5.0) following its regular review. With this new rating, NLMK Group now ranks among the top 3% of steelmaking companies with the most sustainable practices (outstripping 97% of participating companies)
NLMK Group, a global steel company, and Rusatom Overseas (part of ROSATOM State Corporation) have signed a cooperation agreement in the field of hydrogen production and the development of technologies for CO2 capture and utilization
NLMK Group, a global steel company, has taken first place among ferrous metallurgy companies in the industry ESG rating composed by RAEX Europe based on 2020 performance. It selects the ESG leaders in 12 key sectors of the Russian economy based on 200 parameters. In the overall list of 155 Russian participants, NLMK Group ranks among the top 5 companies.
NLMK Group, a global steel company, was awarded a high rating of B- (on a scale of A to F) by Carbon Disclosure Project (CDP), a leading international organization that rates companies on their environmental sustainability.
NLMK Group, a global steel company, was named among the Top 3 companies in the Environmental Transparency Rating of Mining and Metals Companies according to World Wildlife Fund (WWF) Russia. The company went up by four places compared to 2020
NLMK Group was ranked among Top 3 Russian companies in sustainable development according to Expert magazine. NLMK gained 18 positions vs last year.
NLMK Lipetsk has commissioned a 10,000 m2 automated warehouse complex as part of its efforts to boost the efficiency of its production processes. The complex will enable 24/7 supply of spare parts, components, and consumables to repair shops, reducing internal order completion time by a factor of four.
NLMK Group, a global steel company, and Rosenergoatom (part of the Electric Power Division of Rosatom State Corporation), a leading Russian generation company, have signed a partnership agreement on low carbon power energy supplies.
NLMK Group, a global steel company, the Belgorod Region administration, and the Russian Ministry of Industry and Trade have signed a Memorandum of Intent for a project to construct a new metals and mining facility at the Stoilensky Mining and Beneficiation plant.
Institutional Investor, a leading global finance magazine, has recognized NLMK Group (LSE: NLMK) as the leader in investor relations, with the highest rating among 350 companies from developing countries in the EMEA region (Europe, the Middle East, and Africa).
NLMK Group (LSE: NLMK), a global steel company, has published its Payments to Governments Report 2020 disclosing the respective payments related to extractive activities of the company.
NLMK (LSE: NLMK, MOEX: NLMK), a global steel company, today announces the closing of its EUR 500 million 5-year Eurobond placement with an annual coupon rate of 1.45%. Interest payments on the Eurobonds are payable annually.
NLMK Group has ranked among the top 10 steel companies globally in the 2021 Value Creators Rankings compiled by Boston Consulting Group (BCG) on the basis of total shareholder return (TSR) over the previous five-year period from 2016 through 2020.
NLMK Indiana and NLMK Pennsylvania (hereinafter referred to as NLMK USA), NLMK Group’s American division companies, have reached an amicable settlement with the United States Government resolving NLMK’s lawsuit challenging the Department of Commerce’s denial of NLMK’s requests for exclusion from Section 232 steel tariffs.
NLMK Group signed a 4-year syndicated revolving credit facility (RCF) with a group of international banks in the amount of €600 m, with an accordion option allowing the Company to increase the funding limit to €1 bn.
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