13 July 2017

NLMK Group expands premium transformer steel portfolio

NLMK Group, an international steelmaking company with operations in Russia, the European Union and the USA, is bringing a series of new premium grade transformer steels to the global market.

The new grades of steels are designed for manufacturers of energy-efficient transformers, including those featuring stranded magnetic conductors, that are cost-efficient and easy to manufacture, and are widely used in individual housing construction.

Advanced grades of transformer steel, namely NV23S-100, NV27S-105, NV30S-110 0.23 to 0.30 mm with improved consumer properties can boast 5-10% lower specific magnetic losses vs. commercial grades of electrical steels from other global manufacturers.

The high quality of steel is obtained without laser treating the surface (via the application of barriers). This technology ensures a wider application of stranded conductors where the use of ‘laser’ grades has proved inefficient.

Ilya Guschin, NLMK Group Vice President for Sales, said: “NLMK Group is one of the global leaders in the production of such advanced steel products as transformer steel. In 2016, the Group held 9% of the global transformer steel market. We are constantly working on developing our transformer steel production technologies to boost our clients' competitive edge.”

Transformer (GO, anisotropic) steel is used in the electrical industry to produce transformer cores and fixed parts of electrical machines.

More than 98% of transformer steel produced by NLMK Group companies is prime quality grade with superior magnetic characteristics, including 23% which is ultra premium grade with particularly low specific losses.

Currently NLMK produces 8 premium steel grades in gauges from 0.23 mm to 0.30 mm: NV23S-095L, NV23S-100L, NV27S-100L, NV27S-105L, NV30S-110L, NV23S-100, NV27S-105, NV30S-110.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.

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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In FY2016, the Company generated $7.64 billion in revenue and $1.94 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.

NLMK’s ordinary shares with a 16% 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"). 

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.


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