NLMK increased steel production by 10 in 2021%

AK&M 20 January 2022 18:30

NLMK increased steel production by 10% to 17.4 million tons in 2021 compared to a year earlier. Sales decreased by 4% to 16.8 million tons. This is stated in the company's message.

Sales in the "home" markets increased by 6% to 11.4 million tons. Export sales decreased by 22% to 5.2 million tons.

NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world. NLMK Group's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines. NLMK's production assets are located in Russia, Europe and the USA. The company's steel production capacity exceeds 18 million tons per year.

NLMK's ordinary shares, with a free float of 20.7%, are traded on the Moscow Stock Exchange (ticker NLMK), global depositary shares are traded on the London Stock Exchange (ticker NLMK:LI). The company's share capital is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.

NLMK's profit for 9 months of 2021 under IFRS increased 5.5 times to $3.75 billion from $678 million a year earlier. Revenue increased by 69% to $11.56 billion from $6.86 billion, EBITDA increased by 3.1 times to $5.5 billion from $1.75 billion.