NLMK Group, a global steel company, has supplied a batch of grain-oriented steel to Elektrozavod, a leading Russian manufacturer of transformer and reactor equipment. NLMK steel was used to manufacture 750 kV shunt reactors for power generation facilities at Rosenergoatom Leningrad Nuclear Power Plant new energy unit.
Electrozavod has already supplied six reactor phases to the Leningrad Nuclear Power Plant site in Sosnovy Bor, Leningrad Region. The function of shunt reactors is to increase the stability and throughput of the power grid by compensating reactive power and controlling the voltage. Installing them will ensure reliable power generation at the plant new and existing energy units.
Grain-oriented steel is widely used to manufacture equipment for electrical engineering and electronics. Its low magnetic losses make it indispensable in the production of transformer and reactor magnetic cores. Such properties are made possible by a particular chemical composition, low steel thickness, and a special structure. Using grain-oriented steel in equipment ensures low electric power losses, minimal heating, and high cost-effectiveness.
NLMK Group is the only manufacturer of grain-oriented steel in the CIS, representing 11% of the global market. NLMK Group grain-oriented steel is supplied to 60 countries.
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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