Altai-Koks, a leading Russian manufacturer of metallurgical coke and an NLMK Group company, has begun hot testing of a coal stamp charging unit at an operational coke battery. The introduction of stamp charging will boost coke quality, reduce the cost of its production, and improve the environmental footprint of operations.
NLMK Group, an international steel company, set a record in steel product export transshipments in June. NLMK shipped 1.2 m t of steel, which is 65% higher than the average monthly export volume and 0.3 m t higher than the previous record set in December 2018. High shipment levels were enabled by the supply chain optimization programmes.
NLMK Group, an international steelmaking company, has completed a follow-up audit of its management systems in the areas of environmental protection, occupational health and safety, and energy efficiency. Amid the COVID-19 pandemic, the British Standards Institution (BSI) conducted the audit online.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q2'20 dividend in the amount of RUB 4.75 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 25 September 2020.
NLMK Group (LSE, MOEX: NLMK) Q2 2020 EBITDA was $582 m, its EBITDA margin growing by 3 p.p. qoq to 27%. Free cash flow (FCF) totalled $304 m. NLMK Board of Directors recommended approving Q2 dividends in the amount of RUB 4.75/share (132% of FCF).