Russia, Novolipetsk Steel NLMK
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.
In January-March 2017, metallurgical assets of NLMK Group produced 4.21 million tons of steel that is by 4% more year-on-year.
NLMK reported sales growth of 1% q/q.
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.
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
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
Bloomberg reports that president of NLMK O.Bagrin noted that NLMK was studying the possibility of purchasing rolling capacities abroad, primarily in developed markets.
NLMK Group studies the possibility of purchasing rolling capacities abroad, primarily on developed markets.
Novolipetsk Iron and Steel Corporation intends to increase annual steel production.
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