NLMK

Novolipetsk Steel, commonly referred to as NLMK, is a major steel producer in Russia and ranks as the 21st largest steel maker in the world. With a share of approximately 21% of Russia's domestic crude steel production, NLMK primarily produces flat steel products, semi-finished steel products, and electrical steel. In addition, the company also manufactures specialty coated steels, high-ductility steels, and micro-alloyed steels.

The history of the company dates back to 1702 when Peter the Great ordered the construction of an iron foundry in the Lipetsk area of central Russia. In 1931, Novolipetsk Iron and Steel commenced the construction of a plant on the site of the iron ore mine, and over the years, the company grew and prospered. In 1992, it became a joint-stock company, and the following year, it began the process of privatization by distributing company shares to its employees. In 1998, Vladimir Lisin became the chairman of the company.

The manufacturing area of NLMK in Lipetsk covers an extensive area of 27 square kilometers. Although the company owns several other steel and mining industries in Russia, less than half of NLMK's output of steel is sold in Russia.

NLMK primarily sources its iron ore from Stoilensky GOK, a company located 350 km away from the mills at Lipetsk. NLMK's focus on producing high-quality steel products has helped it maintain its position as a leading player in the global steel industry.

Founded: 1931
Headquarters: Lipetsk, Russia
Website: https://nlmk.com/en/