NLMK contributes to Worldsteel’s global decarbonization programme
NLMK Group, a global steel company, has been exploring potential avenues for cutting CO2 emissions as part of World Steel Association’s Step Up decarbonization programme.
NLMK Group joined the Step Up programme in 2020. Together with Worldsteel experts, NLMK is developing measures to increase equipment productivity, decrease resource consumption, improve raw material quality, and boost the reliability of production processes. These measures are aimed at reaching global best practice levels in lowering GHG emissions.
NLMK Group has already made significant progress in reducing its CO2 emissions to become a global industry leader by level of emissions per tonne of product. Over the last five years, NLMK Group reduced its CO2 emissions per tonne of product (steel and pig iron for third-party sales) by 4%, from 1.98 tonnes in 2016 to 1.90 in 2020, while increasing its output. The Company’s 2023 target is to cut emissions by a further 3% to 1.84 tonnes.
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 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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