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7 July 2011

DanSteel A/S changes name and logo

As a result of the integration of the newly established NLMK Europe, DanSteel A/S is changing its name to NLMK DanSteel A/S and gets a new logo.

With the creation of NLMK Europe, due to DanSteel A/S' parent company NLMK's acquisition of 50% share of Steel Invest and Finance (SIF), DanSteel A/S is now part of NLMK Europe Plate Division.

This transaction involves some minor changes for DanSteel A/S with name and logo change as the most important. DanSteel A/S is thus called NLMK DanSteel A/S henceforward and the new logo, which is shared with the other companies within the group is reflecting the link with the parent company.

Igor Sarkits, the DanSteel A/S' Chairman and former Managing Director is now CEO of NLMK Europe Plate, which in addition to DanSteel A/S also includes NLMK Verona (formerly Verona Steel) and NLMK Clabecq (formerly Duferco Clabecq).

Igor Sarkits says: “The co-operation between our Danish, Belgian and Italian companies is close and fruitful and will allow us to carry out in full our potential thus resulting in synergy and converting NLMK Europe Plate in an even more important player on the global plate market”.

A new website is created which is an umbrella site for the companies included in NLMK Europe, which DanSteel A/S now has became a part of. See more on . For the time being, a French version is available; the English version is under preparation.

The change has a purely organizational nature and will not affect customers, partners or employees.

About DanSteel A/S

DanSteel A/S’ main activity is production and sale of steel plates, including plates which are to be finished by blasting and priming as well as fitted plates.

The plates are made from slabs (crude steel), of which the main part is manufactured by OJSC Novolipetsk

Steel (NLMK) in Russia.

DanSteel A/S employs approx. 400 employees.

About NLMK Europe

NLMK Europe has a total capacity of over 4 million tons. It is consisting of two Business Units: Strip Products with La Louviere, Beautor, Strasbourg, and Service Centres and Plate with Clabecq, Verona and DanSteel.

NLMK Europe is employing over 3000 employees.

About NLMK Group

NLMK is one of the world's leading manufacturers of steel with a production in 2010 for over 11.5 m tonnes and a turnover of 8.4 billion USD. NLMK’s production facilities are located in Russia, the EU and the USA and the Group employs around 60,000 employees.

The Group produces a wide range of steel products including slabs and billets, hot and thick hot rolled plates, as well as cold rolled, galvanized, transformer and dynamo steel, together with reinforcing steel, wire and other metal products.

In 2010, NLMK has supplied to customers in 70 countries. NLMK is listed on the London Stock Exchange.