Novolipetsk Steel NLMK

NLMK-Rolled Section intends to maintain share of reinforcement market at the level of 20%

In 2018, “Rolled Section” Division of NLMK Group achieved its best over the last 10 years economic indicators.

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In Q1 2019 NLMK reduces steel production by 3% - to 4.2 million tons

In Q1 2019 The volume of steel production at the Novolipetsk Metallurgical Plant (NLMK) was 4.2 million tons, the company said. In annual terms, the indicator fell by 3%.

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Fitch assigns Severstal, NLMK and MMK rating BBB with stable outlook

The international rating agency Fitch has assigned Severstal, NLMK and MMK a long-term default rating of the issuer at the BBB level. The outlook on the rating is stable, the agency reports.

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NLMK updates heating furnace of hot-rolling shop in Lipetsk

NLMK started the installation of the heating furnace equipment in the hot rolling shop.

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Oil can end the quarter with the strongest growth since 2009.

Following the results of the auction on March 28, the MosBirzh index rose by 0.2% to 2,492.40 p., while the RTS rose by 0.01% to 1,207.31 p.

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NLMK approves its development strategy

As part of a new strategy, NLMK Group of Vladimir Lisin will invest $2.1 billion in production development.

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NLMK suspends supply of slabs to its plant in USA

The Russian Group NLMK has suspended deliveries of slabs to its NLMK Pennsylvania plant in the United States, as the company failed to obtain exemption for its semi-finished products from US steel

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NLMK may pay quarterly dividends of 5.8 rubles per share

The Russian metallurgical company NLMK may pay dividends for the IV quarter of 2018 in the amount of 5.8 rubles per share, the press service of the company reports.

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Moody’s increases rating of Severstal, NLMK and MMK

On February 12, 2019, Moody's rating agency upgraded Severstal's long-term rating from Baa3 to Baa2 with a change in the rating outlook from positive to stable following the revision of Rus

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NLMK announces growth in EBITDA margin by 35% to $3.6 bln in 2018

In 2018, the NLMK Group's revenue amounted to $12.0 billion (+20% year-on-year) amid rising average sales prices and increased sales volumes.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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