The World Steel Association (worldsteel) has named NLMK Group a Sustainability Champion. The title is awarded annually to steel companies that have proven their commitment to the principles of sustainable development, and is the main industry award in the field.
NLMK Group, a global steel company, has supplied Quard 450 wear-resistant steel manufactured by NLMK Clabecq to Feniks Trade and Finance Company that produces special-purpose machinery installed on KAMAZ, MAZ, Ural and Isuzu chassis frames.
NLMK La Louvière, an NLMK Group company and one of the leading strip product manufacturers in Belgium, has introduced a digital inventory management solution, which enables the company to minimize warehouse stock levels and ensure uninterrupted order fulfilment. Since the start of system testing in April, stock turnover for the most in-demand feedstock product (steel slabs) improved by 30%.
NLMK Group won the ‘Leader in Competitive Procurement’ award, topping the ‘Company of the Year’ nomination. The expert jury applauded the contribution of NLMK Group's procurement team to its procurement process development. Over the last five years, the Company has successfully implemented a Group-wide procurement information system that currently covers over 90% of NLMK Group's suppliers, and set up direct strategic partnerships with its key suppliers.