Novolipetsk Steel, or NLMK, is one of the four largest

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

companies in

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels. It is the 21st-largest steel maker in the world. The larger NLMK group owns a number of other steel and mining industries, mostly in Russia.

History

Historically, the

Lipetsk Lipetsk ( rus, links=no, Липецк, p=ˈlʲipʲɪtsk), also romanized as Lipeck, is a city and the administrative center of Lipetsk Oblast, Russia, located on the banks of the Voronezh River in the Don basin, southeast of Moscow. Populatio ...

area in central Russia has had substantial

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

deposits. In 1702,

Peter the Great Peter I ( – ), most commonly known as Peter the Great,) or Pyotr Alekséyevich ( rus, Пётр Алексе́евич, p=ˈpʲɵtr ɐlʲɪˈksʲejɪvʲɪtɕ, , group=pron was a Russian monarch who ruled the Tsardom of Russia from t ...

ordered the construction of an iron

foundry A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal into a mold, and removing the mold material after the metal has solidified as it cools. The most common metals pr ...

there. In 1931, Novolipetsk Iron and Steel began construction of a plant on the site of the iron ore mine.History of NLMK since 1931
/ref> Prospering down through the decades, Novolipetsk became a

joint-stock company A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

in 1992 and then in 1993 began the process of

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

by distributing company shares to its employees. The company seems to be acquisitive; see list of related organizations. In 1998,

Vladimir Lisin Vladimir Sergeyevich Lisin (born 7 May 1956) is a Russian billionaire businessman. He is the chairman and majority shareholder of Novolipetsk (NLMK), one of the four largest steel companies in Russia. According to ''Bloomberg Billionaires Index ...

became the chairman. The manufacturing area in Lipetsk covers 27 square kilometers. Less than half of NLMK's output of steel is sold in Russia. The company's primary source of iron ore is now

Stoilensky GOK OJSC Stoilensky GOK is an iron ore company in Russia. Its main facility, the Stoilensky Mining and Beneficiation Plant (SGОК), is located in Stary Oskol, in the Belgorod region. Stoilensky is associated with Novolipetsk Steel and accounts fo ...

, a company which is 350 km from the mills at Lipetsk.

Business

Acquisitions

The largest of NLMK's acquisitions was a 50% stake in a joint venture with the

Duferco Duferco Participations Holding SA, is a company based in Luxembourg City, Luxembourg. Its main business is trading, producing, importing and exporting steel. History Duferco was founded in 1979 by Italian Bruno Bolfo. His goal was to learn fr ...

Group in December 2006. The venture includes one steel plant and five rolling mills in Western Europe and the United States. The joint venture also includes service and distribution facilities located in Europe. Other acquisitions include: *

OJSC Dolomite OJSC Dolomite (russian: ОАО Доломит) forms part of the Russia metallurgical complex, being the only producer of metallurgical dolomite in the Central Black Earth economic region. The company mines 55% of the total amount of dolomite pro ...

, miner and processor of metallurgical

dolomite Dolomite may refer to: *Dolomite (mineral), a carbonate mineral *Dolomite (rock), also known as dolostone, a sedimentary carbonate rock *Dolomite, Alabama, United States, an unincorporated community *Dolomite, California, United States, an unincor ...

, acquired in 1997 * OJSC Stagdok, miner and processor of fluxing

limestone Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms whe ...

, acquired in 1999 *

OJSC Stoilensky GOK OJSC Stoilensky GOK is an iron ore company in Russia. Its main facility, the Stoilensky Mining and Beneficiation Plant (SGОК), is located in Stary Oskol, in the Belgorod region. Stoilensky is associated with Novolipetsk Steel and accounts fo ...

, iron ore supplier, acquired in 2004 (97%) * OJSC TMTP, operator of the

Black Sea The Black Sea is a marginal mediterranean sea of the Atlantic Ocean lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bounded by Bulgaria, Georgia, Roma ...

port of

Tuapse Tuapse (russian: Туапсе́; ady, Тӏуапсэ ) is a types of inhabited localities in Russia, town in Krasnodar Krai, Russia, situated on the northeast shore of the Black Sea, south of Gelendzhik and north of Sochi. Population: Tuapse i ...

, acquired in 2004 (controlling interest) * License for the large coking

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

deposit Zhernovskoie 1 in the Kuzbass region of Russia, acquired at State auction in 2005 * DanSteel A/S, Danish steel rolling company, acquired in 2006 *

OJSC Altai-koks Open Joint-Stock Company Altai-Koks is one of the largest Russian producers of coke and by-products. It produces coke and a wide range of chemical products. The company has a 13% share of overall Russian coke production. Geography & History The ...

, acquired in 2006 *

VIZ-Stal VIZ-Stal is a producer of cold-rolled electrical steels and the largest producer of grain-oriented electrical steel in Russia. Its share of global grain-oriented electrical steel production is almost 11 per cent. Over 80 per cent of its products a ...

, the second-largest Russian

electrical steel Electrical steel (E-steel, lamination steel, silicon electrical steel, silicon steel, relay steel, transformer steel) is an iron alloy tailored to produce specific magnetic properties: small hysteresis area resulting in low power loss per cycle ...

producer, acquired in 2006 * Sharon Coatings

Ecology

Since 2007 NLMK has implemented a number of investment projects on

environmental protection Environmental protection is the practice of protecting the natural environment by individuals, organizations and governments. Its objectives are to conserve natural resources and the existing natural environment and, where possible, to repair dam ...

. In 2009 it stopped discharges of

industrial wastewater Industrial wastewater treatment describes the processes used for treating wastewater that is produced by industries as an undesirable by-product. After treatment, the treated industrial wastewater (or effluent) may be reused or released to a sa ...

into the river

Voronezh Voronezh ( rus, links=no, Воро́неж, p=vɐˈronʲɪʂ}) is a city and the administrative centre of Voronezh Oblast in southwestern Russia straddling the Voronezh River, located from where it flows into the Don River. The city sits on the ...

. As the result of all the activities, the water consumption of the NLMK Group decreased from 120.4 million cubic meters per year in 2008 to 77.2 million cubic meters per year in 2012, and emissions into the atmosphere decreased by 40%. NLMK reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 33,587 kilotonnes(+1,365/+4.2% y-o-y). Alt URL
/ref>

References

External links