NLMK Group signs cooperation agreements with Russia’s leading steel traders
NLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tonnes of steel products.
As part of the partnership, traders will be able showcase their entire product range through NLMK’s https://nlmk.shop online marketplace, and gain access to NLMK’s marketing services and IT expertise. In exchange, Metallservis and Steel Industrial Company will share their customer service and logistics networks with NLMK Group.
This will enable the companies to ensure prompt delivery of steel products to their customers through Russia’s largest shared network of more than 70 warehouses. NLMK’s marketplace will serve as a one stop shop for everything needed in the construction sector, offering more than 20,000 SKU’s and sizes. Buyers will benefit from complete customer service, from the processing and prepping, to the packaging and shipping of steel products.
Ilya Guschin, NLMK Group Vice President, Sales, said:“By expanding our geography and online offering, we are giving our customers the opportunity to cut logistics costs, save time, and mitigate risks. Coupled with our highly customer focused e-marketplace, this creates a unique value proposition for our buyers. We are happy to have two long-standing and reliable partners on board, and are confident that everyone will benefit from this cooperation.”
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net Debt/EBITDA stood at 0.25x. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% 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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