NLMK Group launches construction of stamp charging complex at Altai-Koks
NLMK Group, a global steel company, has embarked on a project to implement stamp charging technology at an operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke.
This project, which is worth a total of 3.3 billion rubles, will boost coke quality and reduce the cost of its production, and improve the environmental footprint of operations.
Stamping technology is under implementation at Coke Oven Battery No. 5, the biggest and the most advanced coke oven battery at Altai-Koks (which operates a total of five batteries). It launched in 2006 with a design capacity of 1.1 mtpa, and covers 25% of all Altai-Koks production needs. The battery will be overhauled and equipped with advanced and efficient off-gas collection and cleaning systems. Technology solutions are supplied by HuDe (Germany), a global leader in the field.
The scope of the project includes the construction of a new storage bunker equipped with stamping machines, and installation of conveyors and machines for loading stamped charge into the oven. Set-up and start-up operations are planned for autumn 2019.
Instead of the conventional top charging method, stamped charging involves feeding already compacted coal briquettes into the oven horizontally.
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 windmills.
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31х. The company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 16% 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.
The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards – Steel in 2016, and awarded it the CEO of the Year in 2018.
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