NLMK expands customer portfolio for wear-resistant steel
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. The unique wear-resistant properties of this steel grade more than triple the durability of individual special-purpose equipment components.
Feniks use Quard 450 steel to make cargo body sides for loading equipment. Side panels wear easily due to coming into frequent contact with the cargo. Quard 450 steel ensures a high level of wear-resistance and impact strength thanks to its optimal mix of hardness and impact viscosity.
Ilya Gusсhin, NLMK Vice President for Sales, said: “Compared to standard grades of steel, the use of wear-resistant Quard steel significantly prolongs the service life of excavators, tipping trucks, bulldozers and other special-purpose vehicles. Our company plans to further develop this product and to introduce new grades of wear-resistant rolled products into production for our Russian and international customers.”
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 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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