At NLMK Group’s Annual General Meeting of Shareholders held on 30 June 2023, NLMK shareholders resolved not to pay FY2022 dividends, following the recommendation of the Board of Directors.
Novolipetsk Steel (NLMK) is pleased to announce that on 9 June 2023 Deutsche Bank Trust Company Americas (the “Depository Bank”) resumed the conversion of Regulation S and Rule 144A global depositary receipts (ISINs US67011E1055 and US67011E2046) into ordinary shares.
NLMK Group was ranked first among Russian steelmakers in the Top 50 Green Energy Transition rating. In the overall rating NLMK Group was ranked among TOP 5. The ranking was compiled by RAEX-Europe, an independent rating agency.
NLMK has topped the ranking every month starting from October 2022.
NLMK Group was ranked among Top 20 Employers by HeadHunter. NLMK Group also came first in the HR Process Development Level rating and was included into Top 3 Best Employers among production companies.
At an Extraordinary General Meeting held on 31 December 2022, NLMK shareholders did not approve the payment of 9M 2022 dividends recommended by 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.
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.
At a meeting held on 6 June 2022, NLMK Board of Directors annulled its resolution adopted on 2 February 2022 regarding the amount of Q4 2021 dividends (RUB 12.18 per share) and recommended shareholders not to pay out dividends for the period.
NLMK Group (LSE, MOEX: NLMK) reports that in Q4 2021 its EBITDA1 totalled $1.8 bn, with EBITDA margin reaching 38%. Free cash flow (FCF) reached $0.8 bn. The Board of Directors recommended approving Q4 2021 dividends in the amount of 12.18 RUB/share (113% of FCF).
At a meeting held on 2 February 2022, NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'21 dividends in the amount of RUB 12.18 per share.
At the Extraordinary General Meeting of Shareholder (EGM) held on 26 November 2021, NLMK shareholders approved the payment of Q3 2021 dividends of RUB 13.33 per share. The date upon which the shareholders entitled to Q3 2021 dividends will be determined was set as 7 December 2021
NLMK Group, a global steel company, was ranked in the top 50 of the Best IT Employers in Russia, according to a rating compiled by Habr.ru, the largest resource for IT professionals, in partnership with ECOPSY, a HR consulting company.
NLMK Group, a global steel company, ranked first in the ESG rating by RAEX-Europe, an independent rating agency.
NLMK Lipetsk is implementing a project to support agriculture. Construction of dairy farming facilities carried out by the Company is nearing completion in the Tver, Kaluga, and Altai regions. The farms will boost the supply of organic milk by 180,000 tonnes per year.
NLMK Group, a global steel company, has implemented a new real-time system for air quality monitoring at NLMK Lipetsk and Stoilensky. The new equipment collects data for a more granular and reliable tracking of the sites’ environmental impact.
NLMK Lipetsk has commenced hot testing of new environmental protection equipment at its steelmaking operations. The new unit for gas dedusting with a capacity of 600,000 m3 per hour, will enable a five-fold reduction in dust emissions at the Mixer Section of BOF Shop No. 1.
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 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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