NLMK Group, an international steel company, has introduced a QR coding system for all types of flat and long steel products produced in Russia. The digital solution will enable the company to process documents and ship products faster, and customers to move away from paperwork.

When scanned, the QR code placed on each NLMK product unit, takes the customer to a web page that contains information on the steel grade, the weight, size, batch number and other features of the product unit in question. The customer can open and save an electronic version of the quality certificate with GOST (state standard) information, specification number, and other product data. In September 2020, the company plans to introduce digital signatures for quality certificates, which will save customers the trouble of having to request the original hard copy. The certificate will be available from the customer’s profile.

The QR code and electronic certificate enable automatic transmission of data to the buyer's information systems, such as warehouse management system. This helps customers reduce transaction costs.

Ilya Guschin, NLMK Group VP, Sales, said: “The new service reduces costs, saves time and protects our customers from purchasing counterfeit products. We plan to create a single information space that will enable all our customers to get information about our products in their warehouses through a QR coding system, as well as to use a number of additional services.”

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 has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA.

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.

 

Source: nlmk.com

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