NLMK supplies extra high-strength Quend 700 steel to manufacturer of beneficiation equipment

7 October 2020

NLMK Group, a global steel company, has supplied a batch of Quend 700, its extra high-strength structural steel grade produced by NLMK Clabecq, to Pnevmash (Pneumatic Machine Building Company) for the production of beneficiation equipment.

Pnevmash produces equipment for the mining sector, including a variety of grizzly screens used for separating raw materials by size. This type of equipment operates under sustained high loads coupled with constant vibration, which means the manufacturer has to place extra emphasis of the quality of the steel used.

The Quend high yield strength plates are designed for lifting and hoisting equipment, truck chassis, handling equipment, trailers, and other applications where high structural strength is of critical importance.

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. Net debt/EBITDA stood at 0.7x.The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).

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.

For more information about NLMK Group, please visit our website.

 

Source: nlmk.com