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NLMK begins upgrade of slitting line for hot-rolled steel
NLMK Lipetsk has begun an upgrade of its cut-to-length line for hot-rolled steel No. 2 (CTLL-2), with a capacity of 800,000 tonnes per year. The project will enable an expansion of the product range and the manufacturing of high-strength steel sheet with a thickness from 3 mm to 25 mm. Such steel is used to produce dump truck bodies, truck chassis, construction equipment, and other special-purpose machinery.
The upgraded process line will be capable of cutting thick steel, including high-strength grades. The overhaul will include the installation of an ultrasound control system to ensure the high quality of the metal’s internal structure, as well as a new strip leveler for homogeneous flatness characteristics.
The overhaul process will take 8 months. During this period, steel strip will be redirected to other slitting lines. Investment in the project will exceed 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 cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and 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.
For more details on NLMK Group, please visit our website.
For NLMK Group’s photos and corporate videos, please visit our media library.21021
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