NLMK Group expands premium product offering in European market
NLMK DanSteel, NLMK Group’s Denmark-based production site, has delivered its first thousand tonnes of S500MC high-strength steel plate (500 MPa yield strength) to German machine-building companies.
The hot-rolled steel plates will be used to manufacture heavy vehicle components, including wheel axles parts. The use of high-strength steel ensures strong performance under high static and dynamic loads at temperatures as low as minus 50°C and increases the reliability of equipment.
NLMK DanSteel launched industrial production of 13-60 mm S500MC plate in 2019. This became possible after the plate mill was equipped with an accelerated cooling system. Thermomechanical treatment ensures high strength and viscosity properties and better plate weldability.
Slabs used by NLMK DanSteel for the production of high-strength plates are supplied by NLMK Lipetsk, NLMK Group’s flagship site in Russia.
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. In 2019, the Company generated $10.6 billion in revenue and $2.6 billion 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 19% 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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