NLMK Lipetsk, the flagship site of NLMK Group, has delivered a pilot batch of galvanized bake hardening (BH) steel to the Uzbekistan-Korean joint venture UzSungwoo.
At the Extraordinary General Shareholders’ Meeting (EGM) held on 20 December 2019, NLMK shareholders approved the payment of Q3’19 dividends of RUB 3.22 per share. The total amount of Q3’19 dividends payable to shareholders is equivalent to 124% of the Company's free cash flow based on its IFRS consolidated results for the corresponding period.
NLMK Group was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading Russian companies.
International rating agency S&P Global Ratings has revised its outlook on NLMK Group’s long-term credit rating (investment grade BBB-) to positive from stable.
NLMK Lipetsk, the flagship site of NLMK Group, has relaunched its Basic Oxygen Furnace No.2, a steelmaking facility with a capacity of over 3 million tonnes per year, following an overhaul. The launch of a new dust and gas collection system in line with Best Available Techniques (BATs) was tied in with the relaunch of the BOF.
NLMK Lipetsk, the flagship site of NLMK Group, has relaunched Blast Furnace No.6 (BF-6) following a large-scale upgrade. The overhaul of Blast Furnace No.6 is one of NLMK Group’s Strategy 2022 key projects. As a result, the maximum output of the furnace increased by 8% to 3.4 million tonnes of pig iron per year. A new air treatment system captures 99.9% of dust particles, keeping residual dust content at the level of best available techniques (BAT) of 5 mg/m3.