NLMK supplies electrical steel with low magnetic losses to Ruselprom Group
NLMK Group, a global steel company, has supplied electrical (non-grain-oriented) steel to Ruselprom, one of the largest Russian manufacturers of electrical equipment, for the production of electric propulsion motors and marine generators.
This advanced steel is characterized by ultra-low specific magnetic losses: 30% lower than for its commercial counterparts. The steel’s magnetic and mechanical properties enable the production of electrical equipment that is more powerful and energy-efficient.
The use of NLMK steel has enabled Ruselprom Group to discontinue the purchase of imported equivalents and to boost the competitiveness of its products.
NLMK is a leader on the Russian non-grain-oriented steel market. The company has the competencies required to develop innovative electric steels and is constantly working to develop new grades with improved properties.
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 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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