NLMK Group tops Rusbase Digital Awards 2021
NLMK Group, an international steelmaking company, has topped the Production category at Rusbase Digital Awards 2021. These awards recognize companies for their digital solutions that enhance business efficiency via innovative technologies. NLMK Group nominated Hephaestus, a solution aimed at optimizing intra-shop logistics in steelmaking operations.
The Hephaestus service is running in one of NLMK Lipetsk steelmaking shops. It enables systematic planning of hot metal ladle movement around the shop, preventing excessive metal cooling and the associated additional costs in implementing the production plan.
Relying on mathematical models, the service builds an equipment operation schedule based on the current order volume. A graphic control panel with an interactive shop map employs machine vision to determine the location of technological transport in real time and reconfigure the operation plan, if necessary. The service will save the Company up to RUB 100 million annually.
NLMK Group’s Digital Transformation Programme engages dozens of cross-functional teams that develop, launch, and fine-tune hundreds of digital solutions. The Company has set up a digital ecosystem that ensures efficient teamwork, reliable products, knowledge accumulation, and a collaborative environment with over 30 partner companies, including through the creation of own platforms for joint development and machine learning.
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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