NLMK partners up with Austrian metallurgical competence center K1-MET to develop steelmaking residue recycling technology. NLMK Group, a global steel company, has become an industrial partner with K1-MET, a leading European Competence Centre from Austria for the development of advanced metallurgical and environmental processes. In cooperation with the shareholders of K1-MET voestalpine Stahl, Primetals Technologies Austria, Montanuniversit Leoben, and Johannes Kepler University Linz NLMK is going to implement projects aimed at ensuring the efficient use and processing of recyclables in steelmaking operations.
Launched in January 2021, NLMK first joint project with Voestalpine and K1-MET aims to develop a technology for processing zinc-containing waste. The new technology will make it possible to separate zinc from iron-containing materials, enabling NLMK to return thousands of tonnes of iron to the production cycle.
An important environmental impact of using this technology is the replacement of primary raw materials with secondary resources, which reduces the volume of accumulated waste and helps to reduce greenhouse gas emissions.
Sergey Chebotarev, NLMK Group VP, Energy and Environment, said: “Cooperation with K1-MET is another step towards achieving NLMK's strategic sustainable development goals. Joint research with major European and international industry competence centers helps NLMK achieve significant progress in reducing its environmental footprint.
K1-MET collaborates with global companies in the steel sector to address such issues as energy efficiency, circular economy, and climate impact reduction.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group 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 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 0.7х. The Company has investment grade credit ratings from S&P, Moody, Fitch, and RAEX (Expert RA).
NLMK ordinary shares with a 20.7% 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.
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