NLMK Group expands structural-grade steel offering
NLMK Group, a global steel company, has mastered the production of new hot-rolled steel grades (C345 and C355) for Ventall, a manufacturer of building structures.
Ventall specializes in making prefabricated buildings from metal structures, and building elements such as frames, enclosing structures, and other metal components. One of the key requirements for metal used for such applications is reliable weldability. NLMK’s structural-grade steel is able to guarantee this due to its chemical composition and strict compliance with carbon equivalent requirements. NLMK structural steel grades have an additional advantage: their ability to maintain high strength at low temperatures. This makes NLMK steels usable for the construction of solid structures across all of Russia.
Ilya Guschin, NLMK Group VP, Sales, said: “In 2021, we plan to double our supply of structural steel grades to Ventall. NLMK is developing the production of structural steel grades and plans to strengthen its presence in this market segment by upgrading its facilities.”
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
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