NLMK Group, a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy.
NLMK Lipetsk, NLMK Group’s flagship site, has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tonnes (+2%), reduce energy consumption by 50%, and almost halve air emissions.
At the Extraordinary General Shareholders’ Meeting (EGM) held on 27 September 2019, NLMK shareholders approved the payment of Q2’19 dividends of RUB 3.68 per share. The total amount of Q2’19 dividends payable to shareholders is equivalent to 136% of the Company's free cash flow based on its IFRS consolidated results for the corresponding period.
NLMK Lipetsk has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations.
NLMK Group has shipped 5 million tonnes of slabs to Vyksa Steel Works (VSW, part of OMK Group). NLMK Group and OMK created an unique process chain in Russia in 2012. NLMK manufactures slabs at it Lipetsk site from captive iron ore supplied by Stoilensky. VSW then processes these slabs into heavy plates at Mill 5000 and into large-diametre pipes at its Pipe Electric Welding Plant No. 4.
NLMK Group, a global steelmaker, is pleased to announce that following the annual RobecoSam Corporate Sustainability Assessment, NLMK’s overall ESG score improved from 22 to 33. As a result, NLMK’s individual scores of the economic and social dimensions exceeded the industry average.
Stoilensky, part of NLMK Group, a global steel company, has began construction of a new stage (Stage 3) of its thickening unit, a hydrotechnical facility that dewaters the slurry*, and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process.
NLMK Lipetsk, NLMK Group’s flagship production site, has completed the construction of a road in the village of Teploye, Lipetsk Region, employing a new soil stabilization technology which uses steel slag. This road will not need repairs for at least three years, and has a price tag three times lower than for regular asphalt and concrete roads.
NLMK Group, a global steelmaking company, is pleased to announce that following the August 2019 review of the MSCI ESG Ratings assessment, NLMK’s overall ESG score improved from BB to BBB (on an ‘AAA’ – ‘CCC’ scale, where ‘AAA’ is the highest score).
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