NLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the ‘Best Freight Shipper’ nomination in the ‘Russian Railways – 15 Years Together’ Award. The Award Ceremony took place in Sochi as part of the ‘PRO//Motion.1520’ International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.
Leading Russian steel, oil and coal companies participated in the competition. The Jury commended the positive trend in the development of railway transportation and the dynamic growth of NLMK Group’s shipments. In 8M 2018, NLMK’s shipments totaled almost 33.8 million tonnes, a 3% increase year-on-year.
Sergey Likharev, NLMK Group’s Vice President of Logistics, said:
“I would like to thank the Russian Railways for our long-standing partnership. Rail shipments account for over 90% of NLMK Group’s freight shipments. We have created an efficient system of interacting with our partners along the ‘production – railways – port’ chain, which is particularly critical considering the vast geographical diversification of NLMK’s operations and the significant volume of exports. We are planning to continue working on our joint projects in areas of strategic importance for both companies, namely supply chain management and infrastructure development.”
The ‘PRO//Motion.1520’ International Transport & Logistics Forum marked the 15th anniversary of Russian Railways. The Forum covers a wide range of topics, including global trends in transportation systems, infrastructure investment, the fleet of the future, and transitioning to digital technologies. This year the Forum brought together over 500 delegates, including top officials from the Ministry of Transportation, and executives from leading Russian and international companies.
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 windmills.
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31õ. The company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 16% 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.
The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards – Steel in 2016, and awarded it the CEO of the Year in 2018.