NLMK's environmental upgrade project wins gold award at Metal-Expo 2020
NLMK Group, a global steel company, was awarded the gold medal of the 26th international industrial exhibition Metal-Expo 2020 for the construction of a dry slag cooling complex at NLMK Lipetsk. Implemented as part of NLMK’s ongoing environmental upgrade, the project enabled a 3.5x reduction in hydrogen sulfide emissions in the covered area.
Previously, water was used for blast furnace slag cooling. When hot slag reacts with water, hydrogen sulphide is released. Despite the fact that the average content of this substance in the city air is several times below the maximum permissible concentration, the smell itself was a source of discomfort for residents of nearby areas. The new system completely eliminates the need to use water and, consequently, the smell, and significantly reduces the content of hydrogen sulfide in the city air.
The complex was built in place of a slag dump. Close to 6 million tonnes of slag and other by-products that had been accumulated since the 1990s, were processed and more than 500,000 tonnes of iron was returned into the pig iron and steel production process in the course of the project. The remaining material was used in the construction of the complex itself and other facilities.
Investment in the project exceeded RUB 2 billion.
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 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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