Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex programme of $1.1-1.2 billion for a downward revision.
Due to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24, 2020 in the format of absentee voting.
NLMK Group has launched a ‘virtual assistant’ pilot: a digital service for real-time interaction with suppliers and optimization of standard supply chain operations.
NLMK Group has launched NLMK.lab, a new internet platform, designed to attract partners for joint innovation projects. This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group's production sites around the world.
NLMK Group is pleased to announce the approval of its Integrated Quality Management System Policy. A single corporate document now encompasses the Company's quality, environmental protection, production safety and energy efficiency goals and commitments.
At a meeting held on 5 March 2020, the Board of Directors of NLMK Group, a global steel company, resolved to convene its Annual General Shareholders Meeting on 24 April 2020.