NLMK develops and delivers innovative electrical steel for wind power generation

13 August 2020

NLMK Lipetsk, NLMK Group’s flagship production site, has developed an innovative electrical (NGO) steel grade for the production of high-tech equipment for wind power plants. The first batch has been shipped to NovaWind, Rosatom’s wind power division, which is implementing a project to set up wind farms in the south of Russia.

NovaWind plans to build wind farms with a total capacity of 1 GW by 2023. To achieve this ambitious goal, the company needed domestically manufactured electrical steel with improved properties to be used in the production of electric generator engines, the core of wind power plants.

Ilya Guschin, NLMK Group VP, Sales, said: "NLMK possesses all the competencies required to develop and manufacture innovative grades of electrical steel. We are excited to be part of an ambitious green energy project.”

The development of new steel grades for wind power generation bolsters NLMK Group's position as a supplier to the renewable energy sector in Russia and worldwide. The new product enables NLMK Group, which includes NLMK DanSteel, plate supplier to the European wind power generation sector, to expand its offering in this segment.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK’s ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.

For more details on NLMK shareholder capital, please follow the link.