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. 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 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 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 by distributing company shares to its employees. The company seems to be acquisitive; see list of related organizations. In 1998, Vladimir Lisin 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, 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 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, acquired in 1997 * OJSC Stagdok, miner and processor of fluxing limestone, acquired in 1999 * OJSC Stoilensky GOK, iron ore supplier, acquired in 2004 (97%) * OJSC TMTP, operator of the Black Sea port of Tuapse, acquired in 2004 (controlling interest) * License for the large coking coal 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, acquired in 2006 * VIZ-Stal, the second-largest Russian electrical steel producer, acquired in 2006 *

Sharon Coatings Sharon ( he, שָׁרוֹן ''Šārôn'' "plain") is a given name as well as an Israeli surname. In English-speaking areas, Sharon is now predominantly a feminine given name. However, historically it was also used as a masculine given name. In I ...

Ecology

Since 2007 NLMK has implemented a number of investment projects on environmental protection. In 2009 it stopped discharges of industrial wastewater into the river Voronezh. 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
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References

External links