Russia, Novolipetsk Steel NLMK

Net profit of NLMK rose by 5.7 times to $323 mln in Q1

The net profit of NLMK in Q1 2017 made up $323 mln and grew by 5.7 times against Q1 2016.
The revenue of NLMK increased by 37% to $2.16 bln, is said in the company’s IAS report.

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In Q1, NLMK increased steel production

In January-March 2017, metallurgical assets of NLMK Group produced 4.21 million tons of steel that is by 4% more year-on-year.

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In March, NLMK significantly increased export railway dispatch of steel products

In March of this year, the railway shipment of rolled steel, produced by Novolipetsk metallurgical plant (NLMK), to Russian consumers and for export amounted to 1.15 million tons.

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NLMK-Kaluga has produced the 4-th million ton of steel

The electric metallurgical plant of new generation NLMK-Kaluga (in the division of Sort-Russia of NLMK group) – the largest in the Central Russia producer of steel rolled products of construc

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In February, railway supply of scrap metal to NLMK-Kaluga dropped much

In February of this year, according to railway statistics, the direct supplies of scrap metal to NLMK-Kaluga (village of Vorsino, Kaluga region) amounted to 55.4 thousand tons, which is by 15.1% le

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No prospects for steel consolidation in Russia, NLMK

Bloomberg reports that president of NLMK O.Bagrin noted that NLMK was studying the possibility of purchasing rolling capacities abroad, primarily in developed markets.

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NLMK doesn’t see prospects of consolidation of steel producers in Russia

NLMK Group studies the possibility of purchasing rolling capacities abroad, primarily on developed markets.

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NLMK expects to produce more than 15 million tons of steel by 2022.

Novolipetsk Iron and Steel Corporation intends to increase annual steel production.

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NLMK’s Board recommends dividends for Q4 in the amount of 3.38 rubes per share

During the meeting on March 3, the NLMK's Board of Directors recommended shareholders to approve dividends for the IV quarter of 2016 in the amount of 3.38 rubles per share, the company informs

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